Cyvers reported that the attacker '0xc49b5' had initially worked on Infini’s contract but never relinquished full control. This oversight allowed them to manipulate the system long after deployment.
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Neobank Infini celebrates $50M TVL, then suffers $49.5M USDC exploit due to former insider
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The Infini hack in February 2025 was likely enabled by a former developer who retained admin privileges, allowing the exploit
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