Infini takes legal action after $50 million stablecoin exploit

Stablecoin payment platform Infini has filed a lawsuit against a developer and several unidentified individuals suspected of involvement in a hack that drained nearly $50 million in crypto assets. On March 24, the Infini team sent an onchain message to the attacker, naming the developer Chen Shanxuan and three other unidentified persons with access to wallets involved in the exploit as defendants in an ongoing lawsuit.  Infini said that the 49.5 million USDC (USDC) traced from the plaintiff’s funds are subject to an ongoing legal dispute and are contentious in nature source: https://cointelegraph.com/news/infini-legal-action-hong-kong-50-million-hack?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound