
Cofounder & CEO @initia | used to do way too much math
Omnitiaverse
Joined August 2021
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At 14:59 UTC on October 23rd, an attacker exploited a bug in Initia MoveVM’s script caching that allowed malicious code to bypass security checks. The attacker artificially spoofed the MoveVM state, thereby crediting themselves with unbacked WETH, iUSD, and USDC tokens without changing the corresponding token’s total supply. No native INIT was minted, and the total INIT supply is unaffected.
Before the network was halted, the attacker bridged out roughly $2.7M, comprising of 105 WETH and ~1.4M AUSD0 via LayerZero along with ~1.08M USDC via Noble and CCTP. The tokens were swapped for 1,135.52 ETH and currently sit in 0x358ef0130f7a5aa516dcd81bdc80b18cde41cac8 on Ethereum Mainnet.
We are actively working on a security fix to patch the identified vulnerability. We expect this to be completed and audited in a few days. Additionally, asset recovery efforts are ongoing with the help of security partners.
The Initia L1 and Rollups remain halted as we work toward a resolution. We hope to safely resume network operations as soon as possible and will provide a full post-mortem once available. In the meantime, we will continue to share verified updates through our official channels.
Please remain cautious of unofficial links, messages, or claims.
stan (jennie arc) 🪢 retweeted
to the best of our knowledge so far, this is a Day 0 bug related to Initia's MoveVM on CosmosSDK that allowed the exploiter to mint additional tokens on the Initia L1 but does not apply to native INIT tokens.
the attacker was able to mint and bridge out ~$2.7m worth of AUSD, ETH, and USDC before the chain was paused.
As of Oct 23, 2026, 3:41:30 PM UTC, the Initia L1 and Rollups have been halted due to a security incident.
Our team is actively investigating the situation and working to establish the full scope of any impact with security teams, validators, and exchanges.
We will share verified information through our official channels as it becomes available.
Please remain cautious of unofficial links, messages, or claims circulating during this time.
stan (jennie arc) 🪢 retweeted
We are looking for our initial set of founding contributors for @init_ai. pls fill out the form below if you are interested in getting involved! 🤖
stan (jennie arc) 🪢 retweeted
The only maze you should be navigating is the market.
Not payout queues, manual reviews, or approval delays.
With Strat, withdraw your profits instantly, onchain.
stan (jennie arc) 🪢 retweeted
for ONE DOLLAR, try writing a 200 character prompt to beat the king
win? keep the pot, become the king
lose? try again
Patty just won an $80 pot and became the king, take her down at glyph-universe.ai/koth
GUYS GUYS I WON FOR THE FIRST TIME on @GlyphUniverseAI and it's a BIG TIME!! and i was on my last few dollarez ...
been playing since glyph started but it was like a losing ritual for me... i could never get my prompts right and i also never sat down to actually figure it out.
the 50$ pot money had my eyes 👀 ... so i sat down (actually more like laid down on my bed) and locked in. i was getting nervous as the pot climbed to 75$ and i was losing my tix and bucks... BUT THEN I WON on my 5th try!!
it's so much fun,, PLAY W US ON glyph-universe.ai
stan (jennie arc) 🪢 retweeted
GUYS GUYS I WON FOR THE FIRST TIME on @GlyphUniverseAI and it's a BIG TIME!! and i was on my last few dollarez ...
been playing since glyph started but it was like a losing ritual for me... i could never get my prompts right and i also never sat down to actually figure it out.
the 50$ pot money had my eyes 👀 ... so i sat down (actually more like laid down on my bed) and locked in. i was getting nervous as the pot climbed to 75$ and i was losing my tix and bucks... BUT THEN I WON on my 5th try!!
it's so much fun,, PLAY W US ON glyph-universe.ai
stan (jennie arc) 🪢 retweeted
| Glyph Universe explained by Jessie xitter.cf/i/broadcasts/1rGmqpynV…
stan (jennie arc) 🪢 retweeted
We are hiring for a regional lead in LATAM for our [redacted] project @init_ai
Link to JD + and instructions on how to apply can be found here:
app.notion.com/p/initia-xyz/…
Replying to @schmosby_xbt
hi mr. mosby,
the initia team has been running an experiment -> incubate -> scale playbook across a few categories both in crypto and AI
Claude has made the "experiment" step much faster, so we've built tons of MVPs and scrapped many
if we like something, we move to "incubate". we put together a team to build out the business, typically a mix between initia contributors and external folks who have a particular passion or strength for that business
some of the public incubations:
@TradeOnStrat: full-stack prop trading, best terms in the market
@init_ai: undisclosed humanoid project
@GlyphUniverseAI: write a prompt to fight others
@usebetbot: bet on tickers on the TL
along with a handful more that remain [redacted]
now all of these are relatively new, having been launched just a month or so ago. Yet some of them are showing signs of traction from metrics and user feedback.
for those that do (like Strat) we now begin the arduous task of "scaling" the business aided by our treasury
you might notice, not all of these are appchains... we still believe they lead to highest value capture but have drawbacks on distribution if you don't have it already
Each incubation has a path to using initia infra if certain metrics are hit and all of them will have a portion of rev flow back to initia.
in terms of the core initia infra business line, we continue to make product improvements, will have some tokenomics updates, and have a couple more onchain game clients coming online
ultimately, I believe dogfooding the infra through incubations yields the highest chance of winning overall, so that's where we're focused
stan (jennie arc) 🪢 retweeted
It's Halloween season again and as a mathematician I'm obliged to post this. I don't make the rules
stan (jennie arc) 🪢 retweeted
Replying to @schmosby_xbt
hi mr. mosby,
the initia team has been running an experiment -> incubate -> scale playbook across a few categories both in crypto and AI
Claude has made the "experiment" step much faster, so we've built tons of MVPs and scrapped many
if we like something, we move to "incubate". we put together a team to build out the business, typically a mix between initia contributors and external folks who have a particular passion or strength for that business
some of the public incubations:
@TradeOnStrat: full-stack prop trading, best terms in the market
@init_ai: undisclosed humanoid project
@GlyphUniverseAI: write a prompt to fight others
@usebetbot: bet on tickers on the TL
along with a handful more that remain [redacted]
now all of these are relatively new, having been launched just a month or so ago. Yet some of them are showing signs of traction from metrics and user feedback.
for those that do (like Strat) we now begin the arduous task of "scaling" the business aided by our treasury
you might notice, not all of these are appchains... we still believe they lead to highest value capture but have drawbacks on distribution if you don't have it already
Each incubation has a path to using initia infra if certain metrics are hit and all of them will have a portion of rev flow back to initia.
in terms of the core initia infra business line, we continue to make product improvements, will have some tokenomics updates, and have a couple more onchain game clients coming online
ultimately, I believe dogfooding the infra through incubations yields the highest chance of winning overall, so that's where we're focused
stan (jennie arc) 🪢 retweeted
for the past month @TradeOnStrat has been busy shipping trader requests:
- profit split: 80% → 90%
- max drawdown: 4% → 6%
- min order size: 400 → 50
- activity requirement: 1 trade every 24h → every 7d
- 24/5 stock trading
- multi tp/sl
- bulk position closing
stan (jennie arc) 🪢 retweeted
“If they crack encryption you’ll have bigger problems than your coins going to 0”
Uhh speak for yourself bro I’m pretty sure coins going to 0 would be my biggest problem
stan (jennie arc) 🪢 retweeted
Glyph Season 2 is LIVE 👑
Introducing King of the Hill.
Defeat the King, claim the bounty, and take the throne.
So true... my uncle pulls out doubao every time he has trouble talking to someone when he's travelling
stan (jennie arc) 🪢 retweeted
Meet Bet Bot, a little helper for settling bets on your timeline.
Post your bet, tag a friend, and put some money behind it. @usebetbot handles the escrow so neither of you has to trust the other to pay up.
When can we get the Meta x JMM collab
🚨 META JUST UNVEILED THE VR GLASSES
100 grams on your face - about the weight of a deck of cards. Meta says it has “the best display system that we have ever made,” and people in the demo were literally saying “it is like a computer” and “you could edit a whole movie just using the table.”
As Mark explained this is cinema, computer, and a game console all in one, with 3D space, virtual screens, hand occlusion, and DisplayPort over USB-C.
James Cameron’s reaction is probably the best quote in the whole segment “I’m inspired by what you’ve created. I’d like to see my work in these glasses.”
I am completely one shotted these look amazing!
It’s just easier for us to verbally express our thoughts and cultural values in our native language (probably generally true for any group of people)
Got so many friends asking me why FOBs don’t hang with ABCs.
Apparently, there are different types of FOBs:
> The TCK FOB
> Goes to an international high school, or comes to the US / Canada / UK in high school, then does the full Western college experience. Pretty assimilated into Western culture, usually from a well-off family. This type has a wide spectrum of how they build their social circles and is probably the least “fobby” type. Some are completely whitewashed and mostly hang out with non-Chinese friends. Others still have a very specific Chinese / international-school friend circle they hang out with more.
> The Rich FOB
> The spoiled version of the TCK FOB who stays mostly within their Chinese friend circle. Not necessarily wealthier than the first type, but chooses to live a very luxurious lifestyle: drives a sports car in college, lives in a luxury apartment, travels constantly during school, buys luxury brands, and posts highly curated photos. Often doesn’t bother trying to speak much English.
> The Grad School FOB
> Comes to the US / UK / Canada for a master’s, PhD, or MBA, then often goes back after finishing the degree. English is usually more broken, and they tend to put more emphasis on academic and career achievements. More likely to go to Chinese-only places, speak Chinese day-to-day, and stick within Chinese friend circles.
> The FOB FOB
> Moves to the US / UK / Canada later in life, usually for a career change, family, or immigration / citizenship. Has had relatively little exposure to Western culture or lifestyle. Their social circles are often built through relatives, old schoolmates, coworkers, hometown connections, or friends-of-friends from China. A lot of their social life can basically exist entirely within the Chinese community.
And these groups often stay within their own little circles too.























