Neobank Infini celebrates $50M TVL, then suffers $49.5M USDC exploit due to former insider
Article
Publish date
Feb 24, 2025 - 12:00am
Publisher
CryptoSlate
Web URL
https://cryptoslate.com/neobank-infini-celebrates-50m-tvl-then-suffers-49-5m-exploit-due-to-former-insider/
Referenced by
Infini hacked in $50M exploit
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Infini’s founder, Christian, admitted responsibility for the security lapse, noting that his private key was not compromised but that he had previously mishandled the transfer of authority. He emphasized that the platform remains financially stable and is actively working to track and recover the stolen funds.
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Quote
Infini, a stablecoin-focused neo-bank, suffered an exploit that resulted in a loss of approximately $49.5 million in USDC
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