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Infini Loses $49 Million in Suspected Developer Breach

Infini suffers a $49M breach due to retained admin access. Stolen funds swapped to DAI, converted to ETH. Security concerns rise. Infini, a crypto-focused neobank, has suffered a major security breach. Data shows an attacker utilized their retained administrative access to steal $49 million. The stolen funds ended up as DAI before being exchanged for Ethereum (ETH). Cyvers Alerts has identified an internal system vulnerability as the main cause of this financial breach. The perpetrator...

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