Infini Stablecoin Bank Hacked: $100M Transferred to Tornado Cash

The stablecoin digital bank Infini has been the subject of a significant security incident, with its funds being transferred to a wallet associated with Tornado Cash. According to monitoring by PeckShield, the received funds have been exchanged for DAI. The incident has raised concerns about a potential compromise of a private key, with the compromised key identified as 0xc49b...e3e1.

Infini, a stablecoin digital bank, has been the target of a hacking incident that has resulted in the transfer of its funds to a wallet associated with Tornado Cash. The monitoring firm PeckShield has reported that the received funds have been exchanged for DAI, a stablecoin pegged to the US dollar. This incident has raised concerns about the potential compromise of a private key, with the compromised key identified as 0xc49b...e3e1.

The incident has highlighted the importance of security measures in the cryptocurrency industry. As stablecoins continue to gain popularity, it is crucial for digital banks to implement robust security protocols to protect their users' funds. The use of private keys for transactions makes them a prime target for hackers, and any compromise can result in significant financial losses.

The hacking incident involving Infini and Tornado Cash has raised concerns about the security of stablecoins and the need for robust security measures in the cryptocurrency industry. The incident has also highlighted the importance of transparency and accountability in the industry, as users and regulators demand greater clarity on the security measures in place to protect their funds.