Infini Crypto Neobank Hit by $49.5 Million Hack: Company Offers 20% Reward for Return

Crypto neobank Infini suffered a significant security breach, losing almost $49.5 million to hackers. The attack was carried out by a former developer who exploited administrative privileges, gaining access to the smart contract and exploiting its vulnerabilities. Infini’s recent milestone of reaching $50 million in total value locked (TVL) is starkly contradicted by this massive theft, indicating near-complete fund loss.