$49.5M Stolen After Bybit’s $1.46B Crypto Breach | Airdrop Alert Pro

Stablecoin Infini Bank suffered huge damage Safety Violation on Monday,,,,, Attack on the Baybit exchange a few days after the exchange.

This new violation raises other issues regarding security in the cryptocurrency sector.

Infini takes advantage of $49.5 million related to insider administrator rights

According to blockchain security firm Beosin Alert, the Infini contract is Being usedresulting in a loss of approximately US$49.5 million. The attackers reportedly quickly changed the stolen USDC Stablecoin Before transferring funds to an external wallet, enter 17,696 ETH.

“It seems that Stablecoin bank Infni was hacked and USD 49.5 million was stolen. Hackers exchanged $49.5 million for $49.5 million for $49.5 million. Wear And bought 17,696 ETH. 17,696 ETH was transferred to a new wallet. evidence.

The attacker was reportedly initially involved in the Infini project contract. However, after the project was delivered, they secretly retained the administrator rights. More than 100 days later, the attacker passed Tornado Cash Mixed Service. They sent a small ETH deal for gasoline and took advantage of the contract, exhausting all their funds from the platform.

After the incident, Infini founder Christian Li was committed to an active investigation. He also clarified that user withdrawal is still unaffected, and emphasized full compensation even in the worst case.

“I said I was always ready for the first disaster, but I didn’t expect that I would be the one who was in trouble after Bybit…I used to be careless when I transferred authority. It was my responsibility in the end. It sounds like this. Very alert. There is no problem with liquidity. All compensation can be paid and the funds are traced back.” Explained.

Christian also reported that the bad actor’s computer had been found and reported to the police. The incident marked another high-profile attack in dispersed finances (defi). It has rekindled concerns about security breaches in the industry. The heels that were immediately followed by devastating attacks, which led to Loss of US$1.46 billion.

Bybit

Bybit processing Receivedthe hacker triggered a panic trigger for a mass exit from Egypt. Data on Arkham shows that outflows exceed $6.7 billion.

Capital from BYBIT Platform In view of Previous crash.

Crypto developer Makickal and others expressed his concerns in X (Twitter) post. He compared the situation to an economic war and focused on North Korea’s Lazarus group Key perpetrators of massive crypto robbery.

“Wake up. Read Bybit Hack. Falling out of bed and starting a crazy morning to move and close the location. Bad day. It’s war, but war looks different in 2025… The battlefield has changed… , from land and resources to digital wealth, but the damage is equally serious.” Write Developer.

Despite the massive evacuation from Bybit, experts believe that the situation is FTX crash.

“There is a big difference in how you deal with this compared to FTX, Gox Hill, etc. The reason I put my money on bybit. Professional teams, don’t try to stand out, don’t create enemies, just do business,” Crypto Investor Astronomy Home statement.

Similarly, AI and DEFI investors 0xjeff pointed out that Bybit’s rapid response showed resilience. Unlike FTX, poor management and internal fraud have led to its downfall, and Bybit’s transparency and strong financial support have reassured some investors.

“No company silence, no vague PR statements, just direct responsibility. – People are rushing to withdraw their assets ➔ All withdrawals have been processed exactly as promised… Many people think it will be FTX 2.0. Instead, it’s Masterclass of crisis management, communication and execution additional.