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Cybersecurity DEVELOPING

Agora says it has no Initia contracts while freezing an AUSD account

First reported Source: The DefiantLast editorial activity Write a comment ↓
Close-up image of ethernet cables plugged into a network switch, showcasing IT infrastructure.
Illustrative photo.Photo by Brett Sayles on Pexels

According to The Defiant, Agora has frozen an AUSD account on Ethereum that is linked to an exploit on Initia. Agora maintains that it operates no contracts on that network.

Account activity before the freeze

The Defiant reports that the Ethereum account had already converted 1.4 million AUSD into ETH before the freeze took effect. That conversion is the only account activity described in the material available to WORLDTECH.

Agora's stance on Initia

Agora says it has no deployed contracts on Initia, the network that the exploit reportedly targeted. That position is reported by The Defiant and is the only account of the company's stance currently available to WORLDTECH.

Open questions

  • What ties the frozen Ethereum account to the Initia exploit?

Key facts

  • Agora says it has no contracts on Initia.
  • The targeted Ethereum account had exchanged 1.4 million AUSD for ETH before the freeze.

Sources & evidence

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