A breach of trust rocks Hong Kong-based stablecoin neobank Infini as a former developer, allegedly retaining administrative access, is suspected of stealing $49.5 million in USDC from the company. Details of the $49.5 Million Exploit The stolen USDC was reportedly converted into DAI and subsequently into Ethereum (ETH) before being moved to an external wallet. This multi-step process is a...
source: https://news.shib.io/2025/02/24/rogue-developer-suspected-in-infini-neobanks-49-5m-exploit/?utm_source=rss&utm_medium=rss&utm_campaign=rogue-developer-suspected-in-infini-neobanks-49-5m-exploit