#InfiniHacked Infini hacked: Hackers stole $49.5 million, but the founder promises to compensate for the damages
On February 23, 2025, the decentralized platform Infini became the victim of a major hack, causing the attacker to lose approximately $49.5 million. The attack targeted a vulnerability in the project's smart contract, allowing hackers to execute a large-scale theft.
According to reports, the criminal exploited a security vulnerability to execute two transactions that allowed him to withdraw nearly $50 million in stablecoin $USDC.
After receiving the funds, the hacker quickly converted them into 17,700 $ETH, transferring the cryptocurrency to a new wallet, complicating the tracking of the assets and their potential recovery.
The platform's founder, Christian, responded swiftly to this incident by issuing an official statement to users and the community. He assured that:
Despite the attack, the withdrawal function remains operational and users can manage their assets without any issues;
if it is not possible to return the stolen funds, the victims will be fully compensated, emphasizing the platform's commitment to its obligations;
The hack itself was not related to the theft of personal private keys but was the result of a flaw that occurred during the transfer of rights, highlighting an internal vulnerability in the system.
The Infini team has begun actively collaborating with blockchain security experts to track down the stolen assets and identify the perpetrators. At this time, users are encouraged to remain vigilant and monitor the platform's official channels for the latest updates on the investigation's progress and next steps.
The situation is still evolving, and we hope to have more detailed information soon about the scale of the incident as well as the steps being taken to recover the stolen funds.
#InfiniHacked #EthereumRollbackDebate #BybitSecurityBreach
