The restoration leaves transfer services on a later timetable: Initia’s Layer 1 and rollups are online, while bridge and trading-platform transfers are expected later Monday, Nov. 2.
Cross-chain bridge and trading-platform transfers were expected to resume later Monday, Nov. 2. The update says LayerZero OFT withdrawals involving Wrapped Ether (WETH) and AUSD0 take 24 hours to process, while Noble withdrawals of USD Coin (USDC) face an hourly cap.
The report says AUSD0, USDC.n and WETH are once again fully backed. It describes that backing update separately from the withdrawal conditions, which still apply to the named routes.
Initia previously halted its Layer 1 and rollups after a security incident. The project attributed the exploit to a flaw in MoveVM’s script-cache mechanism, as detailed in EconoTimes’ earlier coverage of Initia’s explanation.
