Stablecoin Bank Infini has suffered a security breach that resulted in the theft of over $49 million in USDC.
On-chain tracking platforms identified that the attack happened due to an exploiter misusing retained administrative privileges.
Ex-Developer Behind the Hack
CertiK was the first to detect unusual activity on February 24, reporting unauthorized fund transfers from an Infini-associated contract on Ethereum.
Lookonchain later confirmed that the hacker stole 49.5 million USDC from the platform before converting the entire amount into 49.5 million DAI, an Ethereum-based stablecoin. The attacker then used the converted DAI to acquire 17,696 ETH, which was then moved to a newly created wallet 0xfcc8…6e49.
Cyvers Alerts revealed that the bad actor behind the incident, operating from address 0xc49b…3e1, was a developer who had originally worked on the contract for Infini.
Although the project was completed and handed over, the individual secretly retained administrative control. Ov
We współpracy z: https://cryptopotato.com/infini-suffers-49m-exploit-in-stablecoin-heist/
