Chamath Palihapitiya stated that the crypto hackers' goal was to crack SHA-256 and Satoshi Nakamoto's wallets, but Satoshi Nakamoto owns more than 20,000 wallets. (Bitcoin Archive)

Upbit releases risk warning for initial trading Upbit announced that on October 24, 2026, there was a suspected security issue on the Initiate chain, causing increased volatility in the Initiate price and reminding users to be aware of trading risks.

Initia has officially announced that its L1 and Rollup platforms have been suspended due to a security incident. The team is working with security personnel, validators, and exchanges to investigate the incident and determine the scope of the impact. Further information will be released through official channels, and users are advised to be wary of unofficial links and unverified claims.

Upbit suspends Initia (Initiat) deposit and withdrawal services Upbit announced that due to signs of a security incident in the Initia (Initiat) network, it will temporarily suspend the charging and withdrawal services of Initia (Initiat) from today onwards. The resumption time will be notified separately.

Bitcoin spot ETFs saw outflows again in October, with a single-day outflow of $636 million.