Infini Hack: Attacker Drains $49.5M In USDC, What’s Happening?

The stablecoin neobank Infini encountered a severe setback on Monday as it fell victim to a hack. As per various on-chain trackers, 49.5 million USDC was drained from the platform. Subsequently, the attacker’s on-chain movements have raised eyebrows among market participants globally.