Infini neobank reportedly hacked for $49.5m
Neobank Infinite focused on cryptocurrency would have undergone an exploit of $ 49.5 million, the stolen funds being exchanged on DAI and used to buy ETH.
Certik first pointed out a suspicious activity on February 24 at 3 h 18 UTC, noting unauthorized transfers from a contract linked to infinity on Ethereum (Ethn). The pirate granted special access to the “0xC49B …” account was able to withdraw 49.5 million USD Coin (USDC).
After that, the USDC 49.5 million that had been stolen were exchanged for Dai (Dai) and used to buy 17,696 eTH. Lookonchain then reported that Ethereum had been moved to a new portfolio, “0xFCC8… 6E49”.
After the hack, the co-founder of Infini has insured The customers they would receive their funds, saying that the company could afford to pay off them. The entire scope of the incident and infinite recovery efforts have not yet been officially announced on the website or the company’s social media accounts.
“Please, rest assured that we will certainly compensate for you and that we can afford it.”
But there is a lot to do now, so I will not spend time calming you.
I will make progress as soon as possible.
Believe me and @Christianeth.
@ 0xsexybanana, infinite co-founder
Since violation seems to have been caused by a private key compromised rather than vulnerability in the protocol, the incident raises questions concerning private keys and the safety of intelligent contracts.
Launched in 2024, Infini Neobank is positioned as a link between the traditional bank and the financing of cryptocurrencies. A Neobank is a only digital financial institution that works without physical branches, offering banking services via mobile applications.
In addition to traditional banking services, Infini provides stablecoin transactions and yield generating accounts. The platform has experienced massive popularity since its creation, with a monthly growth rate of 500% among active users, according to a February on February 14 press release.
The infinite hack is the last in a series of high -level crypto security violations. February 21, by Byit suffer A feat of $ 1.4 billion, making it one of the biggest exchange hacks in history. A pirate has manipulated the smart contract logic to drain the Bebit multisig cold wallet. The exchange is currently functioning The blockchain security companies to try to recover stolen assets and have launched a bonus of $ 140 million.
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