$50M Vanishes from Hong Kong’s Crypto Bank Days After $1.4B Heist

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In a land where digital gold is king, the neobank Infini, a beacon of blockchain brilliance in Hong Kong, has been dealt a mighty blow. Following the grand larceny of $1.4 billion from Bybit, a shadow has fallen over Infini’s coffers.

On a fateful Monday, the sleuths at Lookonchain sniffed out some fishy fund frolicking and gave Infini the bad news. Hackers, like thieves in the night, crept into Infini’s digital domain and made off with a cool $50 million in USDC stablecoin. 🚀💸

It seems that the stablecoin bank @0xinfini was hacked and 49.5M $USDC was stolen.

The hacker swapped 49.5M $USDC for 49.5M $DAI and bought 17,696 $ETH.

The 17,696 $ETH was transferred to a new wallet “0xfcc8…6e49”.

— Lookonchain (@lookonchain) February 24, 2025

Infini’s co-founder, Christian Li, took to X (the new Twitter, they say) to soothe the nerves of the worried digital masses, promising that the company’s pockets were still plenty deep. 🤑

This theft comes on the anniversary of Infini’s grand plan to mesh crypto with its banking ways, a plan that was supposed to shake the old finance world to its core. But lo, the core remains, and it’s the digital bank that’s been shaken. 🌪️

Infini shot like a rocket, with user numbers soaring and achievements piling up. But as they say, what goes up must come down, and this hack was a mighty thud. 📉

Bybit, too, felt the sting of cyber-thieves, losing a whopping $1.4 billion to some crafty coding. But fear not, they say, for the coffers are full and the withdrawals continue. 💸🔄

Turns out, the North Korean Lazarus Group might be behind the curtain, pulling the strings on this digital heist. Who knew coding could fund a weapons program? 🤔💣

And so, the crypto world continues to spin, with hacks and heists becoming the norm. But hey, at least it’s never dull. 💼🎩

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2025-02-24 13:25