Infini Stablecoin Hack: $49 Million Drain Highlights Security Flaws

A hacking incident has drained $49 million from Infini’s stablecoin bank, exposing vulnerabilities in the platform’s security. The attacker exploited retained admin access to withdraw all available funds via decentralized protocols, evading asset freeze attempts. Infini’s founder acknowledged responsibility while promising full compensation for users affected by the exploit. Investigations continue as the attack raises concerns about internal security lapses and potential private key leaks.