<ul><li>Infini, a stablecoin neobank, was exploited resulting in a loss of $49.5 million.</li><li>The stolen USDC was converted into 17,696 Ethereum before being transferred to an external wallet.</li><li>The attacker had previously worked on the project's development contract and secretly retained the admin rights.</li><li>Infini's founder, Christian Li, stated that full compensation can be paid and the funds are being traced.</li></ul>

Infini suffers $50M hack, days after Bybit’s $1.5Bn exploit

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