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Layer-one blockchain Initia said it plans to resume L1 and rollup operations on Nov. 2. The chain upgrade will include an independently audited MoveVM patch, the isolation of the attacker’s remaining forged balances, and additional security measures with no transaction rollback.
Initia said collateral assets for AUSD0, USDC.n and WETH will be fully restored before the restart, and users will not need to take any separate action. The Initia DEX will remain temporarily paused in the early stage of the restart, during which designated accounts will readjust pool prices closer to market levels, with any profits generated in the process to be returned to affected liquidity providers.
Bridge and exchange transfers are expected to resume after network monitoring, while withdrawal times for LayerZero OFT tokens WETH and AUSD0 will be set at 24 hours as a precautionary measure.