Infini, a blockchain-based project, has fallen victim to a security breach caused by a hacker who secretly retained administrative access, according to reports from Foresight News and Cyvers Alerts.
The attacker, operating from the address 0xc49b5e5b9da66b9126c1a62e9761e6b2147de3e1, was initially involved in developing the contract as part of the Infini project. However, after the project’s completion, the hacker covertly maintained administrator privileges, enabling unauthorized access to the system.
Details regarding the extent of the breach, potential financial losses, and the response from the Infini team are still emerging. Cybersecurity experts stress the importance of rigorous security audits and revoking unnecessary permissions post-development to prevent such incidents.
SlowMist’s Cosine has responded to Infini founder @Christianeth, stating that they are fully investigating the Infini attack incident. The attacker is described as a technically skilled individual.
This incident highlights the ongoing risks in the crypto space, reinforcing the need for enhanced security measures and vigilant oversight of smart contract deployments.
These incidents underscore the persistent security risks within the cryptocurrency sector.
