Infini founder Christian Li has reached out once more to the hacker who stole $49.5 million, offering a 20% bounty for the return of the remaining funds.
Appeal to the Hacker
Christian Li, founder of Infini, sent 0.1 ETH to the hacker, acknowledging their skills in finding vulnerabilities. The company repeated its offer: if the funds are returned, the hacker can keep 20% as a bounty with no legal repercussions.
Incident Details
The attack involved a privileged account '0xc49b...', from which 49.5 million USDC was withdrawn. The funds were converted to Dai and used to purchase Ethereum, later transferred to another account. This incident was attributed to an insider threat, as a developer retained administrative rights and used them to drain funds.
Reaction and Consequences
Following the attack, Infini assured customers of reimbursement. The company is negotiating with the hacker, hoping to recover some stolen funds through the bounty offer. This case stands out among recent crypto incidents based on wallet vulnerabilities.
Infini continues to seek solutions following the insider threat incident, proposing a settlement agreement with the hacker for the recovery of funds.
