🚨 Hacking of the Li.Fi protocol for $11.6 million: 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 the Ethereum and Arbitrum networks were affected.
- The Li.Fi team fixed the vulnerability and contacted law enforcement agencies.
- Hacks continue to negatively impact the crypto industry in 2024.