Infini has filed a lawsuit in Hong Kong against Chen Shanxuan and three others related to a hack that lost approximately 50 million USD in USDC. The company aims to notify crypto wallet holders about the legal dispute over the stolen funds.
To recover the stolen funds, Infini has promised a 20% bounty, stating legal action will cease if 80% of the assets are returned. The platform monitors IP and device information of the attackers while the hack’s timing is deemed strategic, occurring post-Bybit hack.
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