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Infini Suffers $49M Exploit in Stablecoin Heist
- Stablecoin Bank Infini lost $49 million in USDC in a security breach.
- The hacker misused retained administrative privileges to steal the funds.
- The attacker converted the stolen USDC to DAI and then to 17,696 ETH.
- The incident was caused by a developer who had secret administrative control over the platform.
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