🚨 Breaking News! 🚨

LI.FI Protocol hit by a major exploit, losing over $8M in user funds! 💸

- Cyvers Alerts detected suspicious transactions in the LI.FI cross-chain aggregator.

- LI.FI confirmed the breach, advising users to avoid interactions for now.

- Only users with infinite approvals are affected; revoke permissions ASAP!

Despite the setback, the DeFi space remains resilient. 🌟

What are your thoughts on security in DeFi? Share in the comments! 👇 #DeFi #Crypto #Security #Web3