Future Crypto Feed
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Infini Platform Hacked: Approximately $49.5 Million Stolen; Founder Pledges Full Compensation
On February 23, 2025, the decentralized finance (DeFi) platform Infini experienced a significant security breach, resulting in the theft of approximately $49.5 million. The attack targeted vulnerabilities within Infini's smart contracts, allowing the perpetrator to siphon substantial funds from the platform.
Details of the Breach:
Stolen Amount: The hacker successfully extracted nearly $50 million in USDC through two separate transactions.Conversion of Funds: Post-theft, the stolen 49.5 million DAI was converted into approximately 17,700 ETH and transferred to a new address.
Founder’s Response:
In the aftermath of the incident, Christian, the founder of Infini, addressed the community to provide clarity and reassurance:
Operational Status: Christian confirmed that the user withdrawal function remains operational, ensuring users can access their funds without interruption.Commitment to Users: He pledged that, in the worst-case scenario, full compensation would be provided to all affected users, emphasizing the platform's dedication to its community.Nature of the Breach: Christian clarified that his personal private key was not compromised. Instead, the breach resulted from negligence during the transfer of permissions, highlighting an internal oversight.
Ongoing Investigation:
The Infini team is actively collaborating with blockchain security firms to trace the stolen assets and identify the perpetrators. Users are advised to remain vigilant and await further updates from official Infini channels.
Sources: ChainCatcher, PANews, X
#InfiniHacked #SaylorBTCPurchase #EthereumRollbackDebate #ETHPriceWatch
Details of the Breach:
Stolen Amount: The hacker successfully extracted nearly $50 million in USDC through two separate transactions.Conversion of Funds: Post-theft, the stolen 49.5 million DAI was converted into approximately 17,700 ETH and transferred to a new address.
Founder’s Response:
In the aftermath of the incident, Christian, the founder of Infini, addressed the community to provide clarity and reassurance:
Operational Status: Christian confirmed that the user withdrawal function remains operational, ensuring users can access their funds without interruption.Commitment to Users: He pledged that, in the worst-case scenario, full compensation would be provided to all affected users, emphasizing the platform's dedication to its community.Nature of the Breach: Christian clarified that his personal private key was not compromised. Instead, the breach resulted from negligence during the transfer of permissions, highlighting an internal oversight.
Ongoing Investigation:
The Infini team is actively collaborating with blockchain security firms to trace the stolen assets and identify the perpetrators. Users are advised to remain vigilant and await further updates from official Infini channels.
Sources: ChainCatcher, PANews, X
#InfiniHacked #SaylorBTCPurchase #EthereumRollbackDebate #ETHPriceWatch
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.