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Payments Card Issuer Infini Offers Reward for Return of Funds After $49 Million Exploit

CoinDesk LogoCoinDesk12h ago

Payments Card Issuer Infini Offers Reward for Return of Funds After $49 Million Exploit - CoinDesk

Quick Summary:

The neobank offered the perpetrator 20% of the stolen funds to return the money within 48 hours, threatening legal action otherwise.

The neobank’s founder, Christian Li, has pledged to cover the full loss from his personal funds and took responsibility for the incident.

The company said only on Sunday it had hit $50 million in total value locked.

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Payments Card Issuer Infini Offers Reward for Return of Funds After $49 Million Exploit - CoinDesk (Picture 1)

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Article Details

Author / Journalist: Francisco Rodrigues

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-24 @ 17:03:02 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 253 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 26389028

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About CoinDesk

CoinDesk Logo

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 12 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

Publisher Details

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The story "Payments Card Issuer Infini Offers Reward for Return of Funds After $49 Million Exploit" has 253 words across 22 sentences, which will take approximately 2 - 3 minutes for the average person to read.

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The story "Payments Card Issuer Infini Offers Reward for Return of Funds After $49 Million Exploit" was covered 12 hours ago by CoinDesk, a news publisher based in United States.

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CoinDesk is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 12 news stories per day.

It's most recent story was published 12 hours ago.

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  • News ID: #26389028
  • URL: https://chronographically.beamstart.com/news/payments-card-issuer-infini-offers-17404168548027

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