Agora Says Initia Exploit Affected Third-Party Product Using AUSD

Agora said an exploit on Initia affected a third-party product using AUSD, while Ethereum transaction records show 1.4 million AUSD left a bridge adapter in a movement tied to the incident.

Agora said it has no smart contracts deployed on Initia. That statement places the company’s account of its role alongside the Ethereum transaction record: the transfer was from a bridge adapter, while Agora said it had no contracts on the network.

Initia halted its Layer 1 network and rollups after a reported mint exploit. Agora also froze an account linked to the incident.

The episode has two distinct documented elements: an AUSD transfer recorded on Ethereum and a security response involving Initia network operations. Agora described the affected service as a third-party product using AUSD. Its statement addresses contract deployment on Initia; the transaction record places the 1.4 million AUSD movement at a bridge adapter.