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Infini Demands $49.5M Return from Hacker to Avoid Legal Action

According to PANews on August 11, Infini announced on-chain a mandate requiring the hacker to return $49.5M by 20:00 (GMT+8) on August 13, offering a white hat bounty and leniency if met.

Summary

Infini announced on-chain a demand for the return of $49.5M stolen funds by 20:00 (GMT+8) on August 13. The team will retain all profits as a white hat bounty and issue a written statement of leniency, avoiding further legal action if the funds are returned on time.

Terms & Concepts
  • On-chain: Refers to transactions or messages recorded directly on a blockchain, ensuring transparency and immutability.
  • White Hat Bounty: A reward offered to ethical hackers for returning funds or revealing vulnerabilities without malicious intent.