PANews reported on July 19 that the cross-chain bridge protocol LI.FI stated in its latest security incident report that "human errors" during the smart contract update process exposed the protocol to attacks. An estimated 153 wallets were affected, with a loss of approximately $11.6 million in USDC, USDT, and DAI stablecoins. The team went on to say that they quickly detected the security vulnerability, launched an "incident response plan," and disabled the error code, thereby curbing the threat and preventing "any further unauthorized access." According to the report, the vulnerability occurred shortly after the new smart contract was deployed. A vulnerability in the upgrade allows attackers to gain unauthorized access to user wallets within minutes of contract deployment. The vulnerability stems from the ability of contract callers to arbitrarily call any contract without verification. Verification checks were missing due to human errors in the oversight deployment process. LI.FI said its current priority is to assist in recovering user funds and work with law enforcement and Web3 security companies.