Infini Hack Update: $49.5M Stolen in Massive DeFi Security Breach

By / / Crypto News, Daily News
Infini Hack Update: $49.5M Stolen in Massive DeFi Security Breach
Table Of Contents
  1. 0xInfini Exploit Reveals Major Weaknesses in DeFi Security
  2. How the Hacker Laundered the Stolen Funds
  3. Growing Security Concerns in DeFi
  4. Comparisons to the Bybit Hack
  5. What’s Next for 0xInfini?

0xInfini Exploit Reveals Major Weaknesses in DeFi Security

The DeFi sector has been rocked by yet another major large-scale hack, with 0xInfini losing $49.5 million in USDC. This latest breach raises serious concerns about crypto security as hackers continue to find new ways to exploit vulnerabilities.

The attacker moved swiftly, using decentralized platforms and asset-swapping techniques to cover their tracks. This well-planned heist highlights the growing sophistication of cybercriminals and reinforces the urgent need for stronger security measures to protect DeFi users.

How the Hacker Laundered the Stolen Funds

Blockchain analysts at Lookonchain traced the hacker’s movements, revealing a carefully executed strategy:

  1. Initial Theft: The attacker drained $49.5 million in USDC from 0xInfini.
  2. Quick Swap to DAI: To prevent the stolen assets from being frozen by Circle (USDC issuer), they immediately converted the entire sum into $49.5 million in DAI.
  3. Conversion to Ethereum: The hacker then exchanged the DAI for 17,696 ETH, a common method to enhance anonymity and make tracking harder.
  4. Final Wallet Transfer: All 17,696 ETH were moved to a new wallet (0xfcc8…6e49), likely in preparation for further laundering or withdrawal.

This step-by-step laundering process suggests that the hacker had a pre-planned escape route, making it extremely difficult to freeze or recover the funds.

Growing Security Concerns in DeFi

The 0xInfini hack has once again exposed weaknesses in DeFi security, particularly when it comes to asset recovery. Unlike USDC, which can be frozen by its issuer, DAI operates in a fully decentralized manner, making it the go-to stablecoin for criminals looking to evade asset seizure.

Crypto security experts emphasize the need for:

  • Stronger on-chain monitoring to detect suspicious activity faster.
  • Tighter risk management protocols to reduce exposure to potential hacks.
  • Improved collaboration across DeFi platforms to track and freeze stolen funds efficiently.

As Ethereum’s price volatility continues—amid predictions of a possible $10K rally—the 0xInfini breach raises further concerns about the role of large ETH transactions in money laundering schemes.

Comparisons to the Bybit Hack

This hack mirrors the Bybit exploit, where a hacker also stole funds and used Solana-based meme tokens for laundering.

  • In the Bybit case, the attacker used Pump.fun to create fake tokens, manipulate prices, and cash out.
  • The 0xInfini hacker swapped stablecoins into ETH to prevent seizure and tracking.

Both incidents highlight how cybercriminals exploit decentralized platforms to hide their movements. Without stronger tracking tools and security frameworks, DeFi remains an easy target for high-stakes heists.

What’s Next for 0xInfini?

As of now, 0xInfini has not issued an official response regarding fund2 recovery or compensating affected users. Historically, hacked platforms have worked with:

  • Blockchain forensics firms to trace stolen assets.
  • Law enforcement agencies to investigate cybercriminals.
  • Centralized exchanges to freeze flagged funds before they are cashed out.

This attack adds3 to the growing list of DeFi security breaches, reinforcing the urgent need for robust protective measures across the crypto industry.

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