The main person at Infini, Christian Li, has strengthened his position, offering a 20% reward and legal protection to the hacker who returns the stolen money.
Li, the key figure behind the stablecoin digital bank Infini, has sent another communication to the hacker who stole $49.5 million from Infini’s digital wallets. He is improving the agreement, reiterating the “white hat” agreement and offering a significant 20% reward for the return of the stolen assets.
Li sent 0.1 ETH to the hacker’s address, including a message recognizing the hacker’s abilities in identifying weaknesses in the new banking protocol. He is suggesting a white hat agreement, promising 20% of the stolen assets as compensation. In addition, he guarantees no legal action if the hacker cooperates and returns the money.
This is Infini’s second attempt to communicate via blockchain transaction. On the day of the hack, February 24, Infini warned the hacker that they were monitoring the address and ready to act, including freezing the stolen funds if necessary. They also initially offered a 20% reward and gave the hacker 48 hours to respond, threatening to involve law enforcement if they did not comply.
The hacker stole $49.5 million from Infini’s digital wallets, just days after Infini announced that its total locked value had reached $50 million.
CertiK first noticed the suspicious activity on February 24, noting unauthorized transfers from Infini-related contracts on Ethereum. The hacker gained special access to account “0xc49b…” and extracted $49.5 million in USD Coin (USDC). The stolen funds were then converted to Dai (DAI) and used to purchase 17,696 Ethereum (ETH). Lookonchain later reported that the Ethereum was moved to a new digital wallet “0xfcc8…6e49″. Following the hack, Infini’s co-founder assured customers that they would receive compensation. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
The vulnerability that recently surfaced happened as a result of the smart agreement programmer, who was instrumental in the framework’s creation, maintaining command benefits. They subsequently misused these capabilities by transferring assets to a virtual wallet connected to Tornado Cash, a digital currency blending platform recognized for concealing the roots of transactions.”
