Infini performs legal action after $ 50 million exploitation in Stablecoin

StableCoin’s Payment Payment Payment Filed a Hong Kong lawsuit against a developer and some anonymous individuals suspected of being involved in a hack that dragged nearly $ 50 million in crypto assets.
On March 24th, the Infini team sent An onchain message to the attack, citing developer Chen Shanxuan and three anonymous people with access to wallets involved in exploitation as defendants in the lawsuit.
Infini said 49.5 million USDC (USDC) monitored from the plaintiff’s fund is subject to an ongoing legal dispute and quarrels with nature. “Any subsequent holders of such crypto possessions (if any) are sometimes held in dominates that they cannot claim the status of Bona Fide purchases without notice of dispute,” Infini said.
The Hong Kong court sent an injunction command by an onchain message, a procedure to Send legal notifications In unidentified crypto dominates containing stolen funds. It also includes a letter of calls that require the defendants to attend the hearing on the date of return.
Infini offers 20% bounty to hacker
Following $ 50 million hack In Feb.
In an onchain message, Infini said it compiled IP and device information about attacks. The platform says that continues to monitor the addresses involved and will take action as needed. However, the firm offered a huge amount to the attack if they returned 80% of the funds.
“By receiving restored possessions, we will stop further monitoring or review, and you will not face responsibility,” Infini wrote.
However, despite the warnings, the attack did not return any of the funds from the address specified by the Infini group.
Related: $ 1.5b crypto hack losses expose bug flaws
Made of Infini made in the middle of crypto’s largest hack
Infini’s attack came after Bybit suffered the largest recorded losses in a crypto hack. In Feb. Stealing $ 1.4 billion in crypto assets.
In a statement, fearsoff operating officer Marwan Hachem told cointelegraph that the Infini hacker had carefully chosen the timing of the attack. The cybersecurity Executive Executive said the attack only came a few days after the Bybit Hack, and the timing “was accidental.”
“With all the busy investigations and recovery efforts of $ 1.5B, Infini attacks have seen their chances of getting higher at that moment,” Hachem told Cointelegraph.
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