🚨 $11.6 million Li.Fi hack: what happened?

- The Li.Fi protocol was attacked due to a vulnerability in the new smart contract.

- An error in the code allowed attackers to bypass address verification.

- 156 wallets on Ethereum and Arbitrum with the “endless approvals” option enabled were affected.

- The Li.Fi team has fixed the vulnerability and contacted law enforcement.

The crypto industry is under attack again.