, sparking major security concerns.The platform has assured full reimbursement for affected users while investigating potential insider involvement.){kind=link}
Infini, a well-known blockchain project, has suffered a massive security breach that resulted in the theft of over $49 million worth of cryptocurrency.
The attack was first detected by Certik Alert monitoring, which flagged an abnormal transaction in the Ethereum contract 0x9A…E1DC.
Investigations revealed that the attacker gained unauthorized access through the compromised account 0xc49b…de3e1.
Exploiting vulnerabilities in the smart contract, the hacker granted withdrawal permissions to the address 0x8e9b, which was then used to siphon off all available funds.
The stolen assets were quickly converted into 17,696 ETH, currently valued at approximately $49 million.
The breach has raised serious concerns about Infini’s security infrastructure and its ability to protect users’ funds from sophisticated cyber threats.
Infini Promises Full Compensation Amid Investor Concerns
In response to the attack, Infini’s official team has assured affected users that they will be fully reimbursed for their losses.
The company acknowledged the breach and confirmed that an investigation is already underway to determine the exact cause of the exploit.
Despite the severity of the incident, Infini remains committed to maintaining user trust by pledging financial compensation.
While this reassurance has provided some relief, the community remains on edge, awaiting further details on how Infini plans to strengthen its security measures.
Many investors are also questioning whether Infini’s smart contract vulnerabilities were previously known and if the company had taken adequate precautions to prevent such an attack.
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Suspicion of Insider Involvement as Engineer Identified
Amid growing speculation, Infini’s co-founder, known as @0xsexybanana, has addressed the incident publicly, confirming that an internal engineer suspected of involvement in the breach has been located and placed under investigation.
While it remains unclear whether the attack was an inside job or if the engineer’s credentials were compromised by an external hacker, Infini has filed an official report on the matter.
The revelation has sparked further concerns regarding internal security protocols and employee access to critical systems.
If the investigation confirms insider involvement, it could significantly impact Infini’s reputation and raise serious questions about security practices within the broader crypto industry.
Surge in Crypto Hacks Highlights Industry-Wide Security Risks
Infini’s security breach is just one of several major hacks that have rocked the cryptocurrency industry in recent weeks.
Notably, Dubai-based crypto exchange Bybit suffered an unprecedented $1.44 billion hack, marking the largest crypto theft ever recorded, though user funds reportedly remained intact.
Meanwhile, zkLend, a decentralized money market, fell victim to a $10 million security exploit and has since offered the hacker a 10% bounty in hopes of recovering the stolen funds.
Additionally, popular crypto wallet TokenPocket has teamed up with blockchain security firms SlowMist and GoPlus Security to investigate a hack that compromised user assets.
These incidents underscore the urgent need for improved cybersecurity measures across the blockchain sector, as hackers continue to target vulnerabilities in smart contracts and exchange systems.
Also Read: BNB Chain-Based Four.Meme Suffers Security Breach Of $200K As Crypto Hacks Continue