Infini Labs Accuses Engineer of Embezzling $49.5 Million USDC

According to Foresight News, Infini Labs has filed a lawsuit against Chen Shanxuan, an engineer accused of embezzling approximately $49.5 million USDC. The lawsuit was submitted by Infini Labs' Hong Kong subsidiary, BP SG Investment Holding Limited, alleging that Chen, who was a lead developer, retained 'super admin' privileges without informing the team. In late February, a significant amount of funds was transferred without the required multi-signature authorization source: https://www.binance.com/en/square/post/21802718752537?utm_source=BinanceNewsRSS