Infini Takes Legal Action Following $50 Million Fund Loss

According to Odaily, Infini has issued a statement regarding the recent loss of $50 million, announcing that it has filed a lawsuit with the Hong Kong High Court and served court documents to the relevant blockchain addresses. The company has requested several legal measures: 1) an asset freeze order to prevent the involved parties from transferring or disposing of the funds; 2) a demand for the wallet controllers to disclose their identities to further trace the asset flow; 3) permission for service outside the jurisdiction to support legal actions across different jurisdictions. Infini explained that the fund outflow was due to an unauthorized transfer that bypassed multi-signature approval, caused by a vulnerability in permission management. In response, the company has restructured its contract permission framework, introduced third-party audits, and implemented an on-chain monitoring system to strengthen governance mechanisms and ensure the security of user assets source: https://www.binance.com/en/square/post/21969210534001?utm_source=BinanceNewsRSS