Infini hack: 49.5 million USDC stolen
Date: 2025-02-25 Author: Henry Casey Categories: BUSINESS
As a result of the attack, the attacker stole 49.5 million USDC stablecoins, which he then converted into DAI. Part of the funds were used to purchase 17,696 ETH, after which the ethers were transferred to a new crypto wallet.
Infini management responded promptly to the incident, promising to compensate clients for their losses. The company assured that it had sufficient reserves to cover the losses, but the final extent of the leak remains unclear. The bank's experts continue to investigate the causes of the incident. According to preliminary data, the attack could have been related to the compromise of the private key, and not to the vulnerability of the protocol itself.
Infini launched in 2024, focusing on integrating traditional financial instruments with cryptocurrencies. The neobank operates without physical branches, providing services through mobile apps and actively working with stablecoins. According to the latest data, the monthly active users of the platform have increased by 500%.
This hack occurred just a few days after a major incident with the cryptocurrency exchange Bybit. As a result of the exploit, the attacker managed to withdraw ETH worth $ 1.4 billion, taking advantage of a vulnerability in the logic of smart contracts. This event became one of the largest hacker attacks in the history of the crypto industry, once again raising questions about the security of digital assets.
