According to BlockBeats, on July 17, cross-chain transaction aggregator LI.FI published a statement saying that the smart contract vulnerability has been contained and the affected smart contract has been disabled. Currently, users are no longer at risk.

The affected wallets are limited to those with unlimited authorization set up. The LI.FI team is working with appropriate law enforcement agencies and relevant third parties (including security teams from the industry) to track the stolen funds. The team will release a more detailed post-mortem analysis as soon as possible.