Bithumb halts Initia (INIT) deposits and withdrawals over suspected hack
- —INIT deposits and withdrawals halted as of Oct. 26, 2026
- —Deposits made during the suspension will not be processed
- —Decision on the token's status due Nov. 23–27
- —Cause is an unresolved security incident in the asset's infrastructure
Why it matters: INIT holders on Bithumb are locked out of withdrawals, and the threat of delisting weighs on the token's liquidity.
Source: Koin Bülteni