Infini loses $50M in exploit; developer deception suspected
A rogue developer who retained admin rights after project delivery is the prime suspect in the theft of $50 million in USDC from the crypto payments firm.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
A rogue developer who retained admin rights after project delivery is the prime suspect in the theft of $50 million in USDC from the crypto payments firm.
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Hackers Attack Another Bitcoin Project as Ark’s Second Exploited
In another cyber attack against a Bitcoin project, Second, the developer of an implementation of the Ark Protocol, confirmed it lo...
XRP Ledger discloses overflow bug that could have minted XRP beyond its supply cap
The XRP Ledger bug highlights the critical need for robust security measures and swift response protocols to maintain trust in blo...
Ledger Wallet Mystery Deepens as Suspected Losses Hit $93.4M
On Friday, the crypto community finds itself confronting yet another security controversy, this time involving hardware wallet man...
Bitcoin holder loses 80 BTC worth $5.2 million after moving funds to reseller-bought Ledger
The incident underscores the critical importance of purchasing hardware wallets from official sources to ensure asset security. Th...
Bitcoin Core developer responds to AI & Quantum Risk
Bitcoin Magazine Bitcoin Core developer responds to AI & Quantum Risk Has AI really changed Bitcoin’s address security, or is it j...
UK sanctions crypto platforms suspected of supporting Russian financial networks
The UK sanctioned Cryptomus, Heleket and TokenSpot in a Russia sanctions package, with TRM Labs identifying links to Grinex and Ga...