The decentralized finance (DeFi) platform LI.FI protocol has suffered an exploit amounting to over $8 million.
Cyvers Alerts reported detecting suspicious transactions within the LI.FI cross-chain transaction aggregator.
LI.FI Issues Warning After $8 Million Exploit
LI.FI confirmed the breach in a statement on July 16 via X: “Please do not interact with any http://LI.FI powered applications for now! We’re investigating a potential exploit.” The team clarified that users who did not set infinite approval are not at risk, emphasizing that only those who manually set infinite approvals seem to be affected.
Please do not interact with any https://t.co/nlZEnqOyQz powered applications for now!
We’re investigating a potential exploit. If you did not set infinite approval, you are not at risk.
Only users that have manually set infinite approvals seem to be affected.
Revoke all…
— LI.FI (@lifiprotocol) July 16, 2024
According to Cyvers Alerts, more than $8 million in user funds hav
We współpracy z: https://cryptopotato.com/li-fi-defi-platform-exploited-over-8-million-lost-to-attack/
