“Human error” cited in LI.FI’s $11.6 million exploit

Interoperability protocol LI.FI revealed that its recent exploit was caused by an infinite token approval attack vector. On July 16, 2024, it experienced a security breach resulting in the theft of approximately $11.6 million after affecting 153 wallets that used LI.FI to interact with Ethereum and Arbitrum networks.The vulnerability emerged shortly after the deployment of a new smart contract... source: https://cryptobriefing.com/lifi-smart-contract-hack/