The Initia Foundation has approved a capital injection to fully restore the 1:1 peg of Noble USDC, WETH, and AUSD0 held as iUSD collateral following an October 23 security incident. The injection will cover verified shortfalls capped at 1.08 million USDC, 105 ETH, and 1.4 million AUSD0.
Execution will proceed after reconciliation is completed and final transfer approval is obtained. Initia stated that the peg will be fully restored when the chain resumes operation. The foundation previously disclosed that a security fix for the vulnerability has been drafted and is currently undergoing audit by a security partner.
Initia Foundation Approves Capital Injection to Restore Peg of Assets Affected by October 23 Security Incident
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