PANews reported on July 16 that blockchain security agency Cyvers Alerts tweeted that the LI.FI protocol was found to have suspicious transactions, causing users to lose more than $8 million, mainly stablecoins. The attacker is exchanging USDC and USDT for ETH. Users are advised to immediately revoke authorization for address 0x1231deb6f5749ef6ce6943a275a1d3e7486f4eae.