$49M Vanishes in Crypto Caper: Infini’s Admin Access Debacle

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Infini’s piggy bank gets a $49M haircut thanks to a crafty ex-developer. Stolen dough turned into digital doughnuts. Crypto world gasps.

Infini, the shiny new crypto bank, just had a not-so-shiny moment. Someone who used to be on the team decided to “help themselves” to $49 million. Imagine that! 🤑 The stolen loot was cleverly swapped for DAI, then ETH—because, why not?

Cyvers Alerts, the cybersecurity sleuths, pointed the finger at an internal snafu. The perp, once a helpful contractor, kept their admin keys like a bad souvenir. Over 100 days, they sneaked around like a digital ninja, using TornadoCash to stay incognito. They even paid gas fees—how polite!—before making off with the digital equivalent of Fort Knox.

This little escapade is a wake-up call for the crypto world. Insider threats are like that one friend who always “forgets” their wallet at dinner. Even the big dogs can get fleas, and this breach proves it. Time for some serious security scrubbing, folks!

And just when you thought it was safe to go back in the crypto waters, along comes the Infini breach. It’s like the plot of a bad heist movie, but with real money. 😱

Meanwhile, Bybit’s $1.4 billion hack is still fresh in everyone’s minds. Talk about a bad month for crypto! It’s like the industry’s security is playing a game of “Can You Spot the Hole?”

So, what’s the moral of the story? Lock up your digital assets, folks. And maybe don’t trust that ex-contractor who still has the keys to the kingdom. 🗝️

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2025-02-24 18:21