Transfers were still moving when anonymous security analyst Spreek put cash-outs linked to the alleged Initia token-minting attack at about $2.6 million in an Oct. 23 update.
Spreek alleged that Initia had been used to issue an unrestricted amount of tokens. He said the amount represented funds cashed out by the time of his update, while more transfers remained in progress.
The estimate does not provide a final accounting of the alleged incident. It describes the cash-out figure Spreek cited during the activity, not a confirmed total of all funds affected.
