Neobank Infini celebrates $50M TVL, then suffers $49.5M USDC exploit due to former insider

Infini, a stablecoin-focused neo-bank, suffered an exploit that resulted in a loss of approximately $49.5 million in USDC. Blockchain security firm Cyvers detected the breach less than a day after the platform celebrated reaching a $50 million total value locked (TVL) milestone. Blockchain analytics firm Lookonchain reported that the attacker swiftly converted the stolen USDC […]