The whole story of the Infini insider theft of $50 million

This matter can be included in the web3 strange things record.  Let me tell you about it.

Do you remember that I introduced a card in the official account before - infini ? In short, this is the u card that is very popular now,You can charge USDT and then bind Alipay/WeChat to meet daily consumption,especially some overseas service payments.

Today I am not going to talk about this card, but about the company that issued the card, which was robbed by an insider and 50 million US dollars were stolen.

On February 24, Infini announced that its assets had been stolen, with the amount reaching 49.5 million US dollars. It has already reported to the police in many places, and the employees involved have been controlled.

By chance, I had some contact with Christian, the boss of infini, and asked him to help write a recommendation for "NFT Minimalist Introduction",because he is also an investor in the well-known NFT project Little Ghost. In the circle, he has a very good reputation. As one of the few post-00s who earn and manage huge amounts of money, from the court documents disclosed today, infini sued an employee for having a programmer backdoor and deliberately stealing 50 million US dollars, and there was an uproar in the circle. This programmer worked remotely in Foshan, Guangdong, and deceived the management team without handing over the key code, leaving hidden dangers. He is still a famous programmer in the circle and can write some things. His Twitter is still stuck on the comment about bybit being hacked:If there is an insider, it is basically difficult to prevent.

The management of Web3 has always been a difficult problem.Previously, bybit's company in Singapore was stolen millions of dollars by HR and relatives in their name to buy luxury cars and bags.For a startup team like infini, it was a perfect start, but it encountered a perfect enemy - the team's own people.

Christian immediately said that he would pay the full amount. In fact, it only took him a few days (including some friends and family) to make up the gap of 50 million US dollars. In the business battlefield, the most precious thing is credibility, especially when facing difficulties, see what you put first.

So, I firmly believe that he can overcome this hurdle. In fact, he took responsibility at the first time, initiated the police investigation, and then immediately started to compensate users and explain, he has already gained the market.

Then what else can he rely on? If there must be an answer, I think it is still credibility.