Infini Faces $49.5 Million Loss in Wallet Exploit
- An attacker drained $49.5 million from Infini’s wallets.
- Infini had just reached $50 million in total value locked days before the exploit.
- The breach was linked to a developer retaining admin rights over a smart contract.
- Infini offered the hacker 20% of the stolen assets for their return within 48 hours.
- Christian Li, Infini’s founder, pledged to cover the loss personally.
Infini experienced a significant security breach, losing nearly all its funds shortly after hitting $50 million in total value locked. The company is attempting to recover the stolen assets by offering a reward and has committed to compensating the loss through its founder’s personal funds.
Source (2.6)https://www.coindesk.com/markets/2025/02/24/payments-card-issuer-infini-offers-reward-for-return-of-funds-after-usd49-million-exploit?rand=52298
