Infini Suffers $49M Exploit in Stablecoin Heist

Description

Stablecoin Bank Infini has suffered a security breach that resulted in the theft of over $49 million in USDC. On-chain tracking platforms identified that the attack happened due to an exploiter misusing retained administrative privileges. Ex-Developer Behind the Hack CertiK was the first to detect unusual activity on February 24, reporting unauthorized fund transfers from an Infini-associated contract on Ethereum. Lookonchain later confirmed that the hacker stole 49.5 million USDC from the platf...