Infini, a next-generation neobank that deals in stablecoins, has filed a lawsuit against the perpetrators of the recent $50 million stablecoin heist on its platform. The hack, which occurred on 24 February 2025, disturbed the crypto community and left investors in shock.
Infini Falls to a Calculated Attack
Recently, hackers exploited a loophole in Infini’s smart contract, allowing them to drain approximately $50 million worth of stablecoins from the platform. The attack was classified as a complex and sophisticated hack, with the perpetrators using a combination of social engineering tactics and technical knowledge to carry out the heist.
Infini’s security team was quick to respond to the incident, but the hackers had already managed to transfer the stolen funds to various wallets. Subsequently, the team offered the hackers a deal stating that if they returned 80% of the stolen funds, they could keep 20% of it and would not be prosecuted.
Infini Pursues Justice With Investors in Mind
The lawsuit, which was filed in a federal court, alleges that the hackers engaged in a range of illegal activities, including computer fraud, wire fraud, and money laundering. Infini sent a message on the blockchain to the perpetrators, identifying developer Chen Shanxuan and others as defendants in the case.
The company maintained that the stolen 50 million USDC is part of an ongoing legal dispute and warned that anyone who receives the stolen funds cannot claim ignorance or legality. The Hong Kong court utilized an on-chain method to serve the legal notice, including an injunction and court summons, to wallets tied to the stolen assets. Infini, however, is still tracking the hackers and plans to take further action if needed.
Infini’s decision to file a lawsuit against the perpetrators is a clear indication that it is committed to protecting its users and holding those responsible for the heist accountable. As the investigation continues, the company is reassuring its investors that their assets are secure and that it is taking all necessary steps to prevent similar incidents in the future.
Meanwhile, in a separate incident, Four.Meme, a meme token generator operating on the Binance Smart Chain (BSC), recently fell victim to a cyberattack, resulting in the loss of liquidity on its PancakeSwap v3 pools. The platform has lost around 200 BNB worth $130,000 in the latest exploit.
