🚀 Infini Hacker Exploits Smart Contracts to Steal Millions in USDC
#Infini #Hacker #SmartContracts #Cybersecurity #SlowMist #USDC #Cryptocurrency #SecurityChallenges #Vulnerability #Theft
According to PANews, cybersecurity firm SlowMist has reported that a hacker, identified as Infini, has exploited smart contract vulnerabilities to steal significant amounts of USDC. The hacker, demonstrating advanced technical skills and a deep understanding of smart contract operations, managed to use a single private key to access and drain funds from the Vault and related strategies twice. The first theft involved 11,455,666 USDC, while the second amounted to 38,060,996 USDC. These incidents highlight the ongoing security challenges in the cryptocurrency space.#Infini #Hacker #SmartContracts #Cybersecurity #SlowMist #USDC #Cryptocurrency #SecurityChallenges #Vulnerability #Theft
🚀 Infini Faces Security Breach Due To Retained Admin Access
#Infini #SecurityBreach #AdminAccess #ForesightNews #CyversAlerts #Hacker
According to Foresight News, Cyvers Alerts has reported that Infini experienced a security breach due to a hacker secretly retaining administrative access. The hacker operated from the address 0xc49b5e5b9da66b9126c1a62e9761e6b2147de3e1, which was initially involved in developing the contract as part of the Infini project. However, after the project's completion, the hacker covertly maintained administrator privileges.#Infini #SecurityBreach #AdminAccess #ForesightNews #CyversAlerts #Hacker
🚀 Infini Faces $50 Million USDC Theft, Questions Raised Over Circle's Response
#Infini #USDC #theft #Circle #blockchain #ZachXBT #crypto #cybersecurity
According to PANews, blockchain investigator ZachXBT reported on Platform X that approximately 50 million USDC was stolen from Infini in about 40 minutes. However, not all of the stolen funds were sold immediately. ZachXBT questioned the absence of Circle's 24/7 incident response team, suggesting that Circle knowingly supports such activities.#Infini #USDC #theft #Circle #blockchain #ZachXBT #crypto #cybersecurity
🚀 Usual's Systems Remain Secure Amid Infini Security Breach
#Usual #SecurityBreach #Infini #USDC #Morpho #MEVCapital #SecureSystems
According to Foresight News, Usual has announced that its USDC Vault, Morpho, and MEV Capital were not affected by the recent Infini security breach. The attacker extracted funds deposited by Infini from the Morpho MEV Capital Usual USDC Vault. However, this incident did not impact the vault, Morpho, or Usual, and all systems continue to operate securely. Usual has expressed support for the Infini team in addressing the situation.#Usual #SecurityBreach #Infini #USDC #Morpho #MEVCapital #SecureSystems
🚀 Infini Addresses Security Concerns Amid Vulnerability Reports
#Infini #Security #Vulnerability #DigitalBank #BlockBeats #Operations #Transactions #Investigation #Assurance
According to BlockBeats, on February 24, digital bank Infini issued a statement acknowledging reports of a security vulnerability affecting its operations. The bank expressed regret for any concerns this may have caused and assured that its team is working around the clock to investigate and secure all systems. Despite the reported issues, Infini confirmed that all transactions, including transfers, deposits, withdrawals, and payments, are functioning normally.#Infini #Security #Vulnerability #DigitalBank #BlockBeats #Operations #Transactions #Investigation #Assurance
🚀 Infini Founder Reports Progress In Hong Kong Legal Case
#Infini #stablecoin #digitalbank #HongKong #legalcase #assets #Christian #policeefficiency #digitalassets #openattitude
According to Odaily, Christian, the founder of the stablecoin digital bank Infini, announced on the X platform that Infini has officially filed a case in Hong Kong. He praised the efficiency of the police and expressed satisfaction with the experience, noting the Hong Kong government's open and inclusive attitude towards digital assets. Christian mentioned that the stolen assets are now legally recognized as belonging to Infini, marking a significant development. He expressed hope for further positive outcomes in the near future.#Infini #stablecoin #digitalbank #HongKong #legalcase #assets #Christian #policeefficiency #digitalassets #openattitude
🚀 Infini Founder Proposes White Hat Agreement to Hacker
#Infini #WhiteHat #Hacker #ETH #DigitalBank #Cybersecurity #Vulnerability #Blockchain #Stablecoin
According to BlockBeats, on March 3, Christian, the founder of the stablecoin digital bank Infini, transferred 0.1 ETH to a hacker's address. In the transaction message, Christian acknowledged the hacker's ability to identify vulnerabilities in their protocol and proposed a white hat agreement. The offer allows the hacker to retain 20% of the stolen assets as a bounty, with the remainder to be returned to Christian's address or Infini's escrow wallet. Christian assured that if the hacker complies with this arrangement, no further legal action will be pursued.#Infini #WhiteHat #Hacker #ETH #DigitalBank #Cybersecurity #Vulnerability #Blockchain #Stablecoin
🚀 Infini Announces Temporary Service Disruption Due To Bank Maintenance
#Infini #ServiceDisruption #BankMaintenance #UserNotice #TransactionIssues #CustomerSupport
According to Odaily, Infini has issued a notice stating that its banking partner is undergoing temporary maintenance, which may cause brief service interruptions for some users during payments or transactions. The company is actively communicating with the bank to restore normal services as soon as possible. Users are advised to remain patient, and updates will be provided promptly. For any inquiries, customers are encouraged to contact Infini's support team.#Infini #ServiceDisruption #BankMaintenance #UserNotice #TransactionIssues #CustomerSupport
🚀 Infini Founder Warns Against Impersonation Scams
#Infini #Christianeth #scams #impersonation #cryptonews #security #theft
According to Odaily, Infini founder Christianeth has issued a warning on the X platform about impersonators attempting scams. He cautioned the public not to trust any requests for money. This warning follows a recent incident where the Infini contract was attacked, resulting in the theft of over $49 million.#Infini #Christianeth #scams #impersonation #cryptonews #security #theft
🚀 Infini Takes Legal Action Following $50 Million Fund Loss
#Infini #LegalAction #Lawsuit #HongKongHighCourt #AssetFreeze #Blockchain #UnauthorizedTransfer #Security #UserFunds #GovernanceMechanisms
According to Odaily, Infini has issued a statement regarding the recent loss of $50 million, announcing that it has filed a lawsuit with the Hong Kong High Court and served court documents to the relevant blockchain addresses. The company has requested several legal measures: 1) an asset freeze order to prevent the involved parties from transferring or disposing of the funds; 2) a demand for the wallet controllers to disclose their identities to further trace the asset flow; 3) permission for service outside the jurisdiction to support legal actions across different jurisdictions.
Infini explained that the fund outflow was due to an unauthorized transfer that bypassed multi-signature approval, caused by a vulnerability in permission management. In response, the company has restructured its contract permission framework, introduced third-party audits, and implemented an on-chain monitoring system to strengthen governance mechanisms and ensure the security of user assets. The platform emphasized that user funds remain unaffected, with all deposit, withdrawal, and payment card services operating normally.#Infini #LegalAction #Lawsuit #HongKongHighCourt #AssetFreeze #Blockchain #UnauthorizedTransfer #Security #UserFunds #GovernanceMechanisms
🚀 Infini Set to Relaunch Crypto Card Product
#Infini #CryptoCard #Visa #Relaunch #Crypto
Infini founder Christian shared a screenshot of a Visa crypto card on X, hinting at a major update set for release tomorrow. According to Odaily, this suggests the potential relaunch of Infini's crypto card product. Previously, Infini was a leading project in the crypto card sector but announced the cessation of Infini Card services in May of last year.#Infini #CryptoCard #Visa #Relaunch #Crypto