Upbit has designated Injective (INJ) as a trading caution item, according to an official announcement on Sept. 1, and suspended deposits and withdrawals for the token. The exchange said withdrawals will be the first service to reopen when normal operations resume. The warning comes a day after an Injective network disruption on Aug. 31, when block production stopped for about 3 hours and 42 minutes. Block height recovered from 181,027,006 to 181,027,007, with no rollback. QuickNode's status records showed a network-wide block stall on the Injective mainnet and that an emergency patch was deployed. A suspected attacker is said to have repeatedly exploited Injective's insurance fund and permissionless binary options market creation mechanism, carrying out 299 operations and eventually collecting about 1,979.8 ETH, worth around $4.88 million, into a single address. BlockBeats previously reported the outage and the suspected attack.

According to on-chain researcher Rarma, Injective's mainnet stopped producing blocks for roughly 3 hours and 42 minutes on August 31. Upon resumption, the block height moved from 181,027,006 to 181,027,007, and no rollback occurred. QuickNode's status records showed a network-wide stall and the deployment of an emergency patch. An attacker allegedly abused Injective's insurance fund and permissionless binary options market creation mechanism 299 times, sending about 1,979.8 ETH (around $4.88 million) to a single address.

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QuickNode VP of Product Josh Neuroth argues that ZK rollups are gaining attention for real technical reasons, especially their ability to improve blockchain scalability and privacy rather than fuel speculative hype.

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