Massive Cyber Attack Hits Neobank Infini, Stealing $49.5 Million – BitRss

Neobank Infini suffered a major cyber attack on February 24, resulting in the theft of a total of 49.5 million USDC ($1.00). Following the incident, blockchain analysis firms and market experts tracked the hacker’s activities and identified suspicious transfers. It was revealed that the stolen funds were converted into the Ethereum $2,688-based DAI ($1.00) stablecoin and subsequently used to purchase ETH ($2,684.04), raising new security concerns in the cryptocurrency market.