Founder of stablecoin digital bank, Infini offers 20% bounty for return of stolen $49.5 million 

In a blockchain transaction, Li sent 0.1 ETH to the hacker’s wallet, acknowledging their skills in identifying vulnerabilities in Infini’s protocol.

The message reiterated the company’s offer: if the hacker returns the stolen funds, they can keep 20% as a bounty, with no legal repercussions. 

This marks Infini’s second direct message to the hacker. The first message, sent on February 24, the day of the attack, warned that the company was monitoring the compromised wallet and set a 48-hour deadline for a response, threatening further investigation and possible law enforcement action.

This attack occurred shortly after Infini announced reaching $50 million in total value locked (TVL). Unauthorized transactions linked to an Infini-affiliated contract on Ethereum were identified by blockchain security firm CertiK.

In the aftermath of the attack, Infini’s co-founder assured customers they would be reimbursed. Meanwhile, the company continues to negotiate with the hacker, hoping to recover some stolen funds through the bounty offer.

Last month, crypto exchange Bybit fell victim to a “sophisticated attack,” resulting in the theft of Ethereum (ETH) valued at $1.4 billion from one of its offline wallets.

Zhou explained on X that the hacker gained control of one of Bybit’s cold wallets—a type of digital wallet designed to store cryptocurrency offline and theoretically disconnected from the internet.

The stolen funds were then transferred to a “warm” wallet, which is connected to the internet.