🚨 InfiniHacked: $49.5M Lost in Latest Stablecoin Bank Attack!
🔥 Another Major Crypto Hack Shakes the Market! 🔥
The Infini stablecoin bank has suffered a massive security breach, losing $49.5 million in USDC. The attacker exploited retained administrator rights from the development phase, converting the stolen funds into 17,696 ETH before moving them
to an external wallet.
💰 Key Details:
🔹 Hack Amount: $49.5M USDC
🔹 Exploit Method: Admin rights vulnerability
🔹 Funds Converted: 17,696 ETH
🔹 Response: Infini's founder Christian Li assured users of full compensation and normal withdrawals.
⚠️ Market Impact & What to Watch ⚠️
📉 Crypto Security Concerns: This attack follows the recent Bybit hack ($1.46B stolen), raising concerns over stablecoin security.
📌 Potential Sell-Off: Fear-driven volatility could impact stablecoins, DeFi tokens, and Ethereum.
🔍 Watch for Reactions: How regulators and security firms respond could shape future DeFi security protocols.
💡 Pro Tip: Always store assets securely and monitor exchange security updates. Could this lead to stricter DeFi regulations?
Let’s discuss! 👇
#CryptoSecurity #InfiniHacked #CryptoNews #Ethereum #DeFi #BinanceSquar
