Christian, the founder of Infini, has issued an urgent warning to the cryptocurrency community about scammers impersonating him in an attempt to defraud investors.
In a statement on the X platform, he cautioned users against falling victim to fraudulent schemes, emphasizing, “Recently, many people have impersonated me to defraud.
Please do not believe anything that requires money.” This warning follows a massive security breach in which Infini’s smart contract was exploited, leading to the theft of over $49 million.
With investors already on edge due to the hack, scammers are attempting to capitalize on the situation by posing as Christian to solicit funds.
His message serves as a critical reminder for the community to remain vigilant and verify any communication before engaging in financial transactions.
$49M Infini Hack Raises DeFi Security Concerns
The Infini security breach has intensified concerns regarding vulnerabilities within decentralized finance (DeFi) platforms.
Hackers managed to exploit Infini’s smart contract, making off with $49 million in digital assets, shaking investor confidence in the project.
The incident highlights the growing sophistication of cybercriminals targeting DeFi protocols, which remain attractive due to the large sums of money stored in smart contracts.
Following the attack, investors have been seeking reassurance about the security measures Infini has in place to prevent further breaches.
Industry experts have also called for stricter security protocols and audits to mitigate risks, as DeFi platforms continue to be prime targets for increasingly sophisticated cyberattacks.
Also Read: Bybit Secures In-Principle Approval to Launch Virtual Asset Platform in UAE Despite Recent Hack
Infini Founder Pledges $25M to Stabilize the Platform
In an effort to regain investor trust and stabilize Infini, Christian has committed $25 million to cover user withdrawals.
Understanding the gravity of the situation, he is also working on securing an additional $20 million through a compliant over-the-counter (OTC) U.S. dollar transaction, which is expected to be completed by the weekend.
The decisive move is intended to partially compensate for the lost funds and reassure users that the platform remains operational.
While the financial commitment is a significant step toward recovery, the incident has raised questions about the platform’s ability to withstand future security threats.
Investors and industry observers will closely monitor Infini’s response, as well as any long-term security measures implemented to prevent similar breaches.
Crypto Industry Faces Unprecedented Surge in Hacks
The Infini hack is just one of many security breaches that have plagued the crypto industry in recent months.
February 2025 has already been labeled the worst month in crypto history in terms of financial losses, with blockchain security firm PeckShieldAlert reporting that 20 different hacks resulted in $1.51 billion in stolen funds.
Among these breaches, Bybit suffered the most devastating attack, losing $1.43 billion, making it the largest crypto hack in the past five years.
Other notable incidents include Ripple co-founder Chris Larsen moving $109 million in XRP following a $112 million attack in 2024, and Mask Network founder Suji Yan losing $4 million after a suspected private key breach.
These incidents underscore the persistent vulnerabilities in the crypto space, emphasizing the urgent need for stronger security frameworks and increased awareness among investors to mitigate risks.
Also Read: Hackers Flood GitHub With Fake Projects To Spread Crypto-Stealing Malware, Details Inside