According to Odaily, LI.Fi has issued a statement on the X platform advising users to refrain from interacting with any applications supported by LI.Fi due to an ongoing investigation into a potential vulnerability. The company clarified that users who have not set unlimited approvals are not at risk. Only those who have manually set unlimited approvals appear to be affected by this issue.
LI.Fi has also recommended that users revoke any contract approval transactions related to the platform. This precautionary measure is aimed at ensuring the security of user assets while the investigation is underway. The company is actively working to identify and resolve the potential vulnerability to safeguard its users.