8 Million Dollar Hack in Altcoin Project: Here are the Coins Affected!

Blockchain security firm Cyvers Alerts has warned about an $8 million cyber attack.

Suspicious transactions have been spotted on cross-chain transaction aggregator LI.FI . According to the transferred data, user funds worth more than $8 million, mostly stablecoins, were cyber-attacked.

Attackers began to convert the user assets they captured into USD Coin (USDC), Tether (USDT) and Ethereum (ETH).

LI.FI users are advised to revoke authorizations linked to “0x1231deb6f5749ef6ce6943a275a1d3e7486f4eae”.

There is no official statement yet from the LI.FI team regarding the attack.

Providing an API service for seamless exchange and bridging between EVM and Solana, LI.FI provides access to more than 15 bridges and more than 30 DEXs.

LI.FI is also a project that has been integrated by large companies such as Robinhood, MetaMask, Phantom.