2025-02-24 11:22:17

Crypto-focused neobank Infini has suffers a $49.5 million exploit

Infini neobank hacked for $49.5M USDC, swapped for 17,696 ETH. The attacker exploited retained admin privileges in Infini’s smart contract. Infini’s founder has promised full compensation, citing negligence in authority transfer. On February 24, 2025, Infini, a Hong Kong-based stablecoin neobank blending cryptocurrency and traditional finance, experienced a devastating security breach, resulting in the loss […] The post Crypto-focused neobank Infini has suffers a $49.5 million exploit appeared first on CoinJournal.
https://coinjournal.net/news/crypto-focused-neobank-infini-has-suffers-a-49-5-million-exploit/

Author Public Key

npub1dnue362utyl74ylz8ljdmdwg98zhm70fg7dpjhwsmdngz6ces5nqddyapx

Seen on

wss://relay.nostr.band

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Published at

2025-02-24 11:22:17

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1 Short Text Note

Event JSON

{ "id": "c265f7423e95901b7530df769c84c4bdcd17f5a55b610c69795b0d1ece122236", "pubkey": "6cf998e95c593fea93e23fe4ddb5c829c57df9e9479a195dd0db66816b198526", "created_at": 1740396137, "kind": 1, "tags": [ [ "r", "https://coinjournal.net/news/crypto-focused-neobank-infini-has-suffers-a-49-5-million-exploit/" ], [ "subject", "Crypto-focused neobank Infini has suffers a $49.5 million exploit" ], [ "published_at", "1740396085" ], [ "image", "https://coinjournal.net/wp-content/uploads/2024/03/hacker-dark-room.jpg" ], [ "p", "6cf998e95c593fea93e23fe4ddb5c829c57df9e9479a195dd0db66816b198526", "wss://relay-testnet.k8s.layer3.news" ], [ "imeta", "url https://coinjournal.net/wp-content/uploads/2024/03/hacker-dark-room.jpg" ], [ "t", "crypto:perspective" ], [ "summary", "The hack targeted an Infini-related smart contract on the Ethereum blockchain, specifically the address 0x9A79f4105A4e1A050Ba0b42F25351D394fA7E1DC. The attacker, who gained unauthorized access by exploiting retained administrative privileges within the contract, drained $49.5 million in USDC from what is believed to be the Morpho MEV Capital Usual USDC Vault. The stolen USDC was then converted into Dai (DAI) and used to purchase 17,696 Ethereum (ETH)." ] ], "content": "nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgrvlxvwjhze8l4f8c3lunwmtjpfc47ln628ngv4m5xmv6qkkxv9yc4y6hv3\nhttps://coinjournal.net/wp-content/uploads/2024/03/hacker-dark-room.jpg\nInfini neobank hacked for $49.5M USDC, swapped for 17,696 ETH. The attacker exploited retained admin privileges in Infini’s smart contract. Infini’s founder has promised full compensation, citing negligence in authority transfer. On February 24, 2025, Infini, a Hong Kong-based stablecoin neobank blending cryptocurrency and traditional finance, experienced a devastating security breach, resulting in the loss […] The post Crypto-focused neobank Infini has suffers a $49.5 million exploit appeared first on CoinJournal.\nhttps://coinjournal.net/news/crypto-focused-neobank-infini-has-suffers-a-49-5-million-exploit/", "sig": "c14f454224217c2758ae81e61eb08698291a24a840a7d1b290fed336d964871a7ac90d56f21e51a21daf41fd24b6ff5bba96bcdf9434e9b162bbbb4f293de345" }