Initia announced that its Layer 1 blockchain and associated rollups have resumed normal operations following a recent outage. Bridges and trading platforms are expected to restore transfer functionality later today.
As a precautionary measure, withdrawals of LayerZero OFT assets (WETH and AUSD0) will require 24 hours to process, while Noble USDC withdrawals are subject to hourly limits. The asset backing for AUSD0, USDC.n, and WETH has been fully restored.
Initia L1 and Rollups Resume Operations After Outage
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