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Cryptocurrency News Articles
The founder of Infini said that he would bear 70% of the losses and the remaining funds would be invested back next week. Can users rest assured?
Feb 24, 2025 at 05:25 pm
Infini's $50 million was stolen, and the founder said he would bear 70% of the loss and invested back the remaining funds next week. Although he said that liquidity and other issues were fine, users were still worried about the security of funds and the future of the platform.
Recently, Infini encountered serious capital theft incident and US$50 million was stolen. This news instantly caused a stir in the industry. As a highly-watched project, Infini has attracted much attention every move. This theft incident undoubtedly brought a huge impact on users and the market.
Infini founder @Christianeth spoke on the X platform, saying that 70% of the stolen funds belong to the big friends I know around them, and they have communicated with them one by one and decided to personally bear the possible losses, and resolve them through private settlement. This approach seems to be responsible, but it also raises many questions. Why are most of the stolen funds belonging to big friends? Is this private solution compliant and transparent?
The founder also said the remaining funds will be reinvested into the infini vault by next Monday, as usual. Funds are ready and will also respond to any withdrawal needs during this period. But users are inevitably worried, can the remaining funds be really invested back on time? The funds were stolen before, how can we ensure the safety of funds after they are invested again?
From the perspective of liquidity, the founder said that there is no problem with liquidity at present and that the full compensation can be paid. From the stolen to the present, the withdrawal application has accumulated a total of US$500,000, and all of them have been responded to, and there are even many wallets that continue to save money. However, the financial management part has suspended the contract and no funds are transferred to prevent secondary risks, which means that users are still affected in financial management returns.
Some users said that although the founder promised to bear the losses and invest back the funds, he still felt uneasy after experiencing this incident. After all, the security of funds is related to your vital interests, and being stolen once is enough to make people doubt the security of the platform. Moreover, only the unilateral statements of the founder are seen at present, and there is a lack of supervision and verification by third-party institutions.
In the cryptocurrency field, similar fund security incidents are not an isolated case. Previously, Bybit had also been hacked, causing huge losses. These events have made investors more cautious and their trust in the platform has also been greatly reduced. Infini After this incident, how to win user trust again is a big problem.
Slow fog cosine monitoring shows that Infini hackers understand technology and smart contract operations, so they were able to steal funds from Vault and related strategies with a private key, and stole them twice. This also reveals that Infini has loopholes in smart contracts and permission management. Although the founder said that the personal private key was not leaked and was negligent when transferring permissions, this did not completely eliminate the user's doubts.
PeckShield monitored that the Infini hacker has replaced 49.5 million DAIs with about 17,700 ETH and transferred to a new address. With such a large-scale capital transfer, it is easy to imagine how difficult it is to recover. Even if the founder bears 70% of the loss and the remaining funds are invested back, what will happen to the recovery of the stolen funds? Will it affect the subsequent development of the platform?
Although the current consumption and withdrawal of products are proceeding as usual, the stagnation of the financial management part still makes users feel uneasy. Financial management is an important way for users to obtain profits. Now that it is suspended, when can it be restored to normal and whether it can ensure that similar risks will no longer occur after recovery are all issues of concern to users.
In the cryptocurrency market, trust is the cornerstone. Once trust is broken, rebuilding is not easy. Although the founder of Infini has taken measures such as bearing losses and preparing to invest back funds, it is necessary to make users truly feel at ease, more practical actions are needed, such as introducing professional security audit institutions, strengthening the security of smart contracts, and improving the transparency of the platform. .
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