A NullMeridian record Andromeda Logs

NullMeridianLog

24 Feb 2025

Infini: Security Compromise Affecting Neo-Bank Reserves

Infini: on 24 Feb 2025 acknowledged reports of a security compromise while saying transfers and payments remained operational. Analysts put USDC drained near $49–50M.

  • Event date
  • Incident typeNeobank / admin compromise
  • Bug classAccess control
  • Published

Loss, as sourced

Security analysts reported roughly $49–50M USDC. Infini's acknowledgment did not publish its own USD total in the quoted text.

Traceability

Primary sources

  1. 01x.comInfini on X (24 Feb 2025 acknowledgment) (opens in a new tab)

In brief

Root cause: Described by analysts as admin-privilege abuse draining USDC.

Timeline, as sourced: 24 Feb 2025 acknowledgment.

Account, as sourced

Claimed (Infini, via quoted X statement): investigating; services remain in normal usage.

Summaries of public sources as of the published date; except where marked (on-chain), not independently verified by NullMeridian. Figures are the sources’ own and are attributed; where sources disagree, each is given. Sources may since have changed. Not legal, financial or investment advice.

Permalinkhttps://andromeda.observer/e/infini-admin-usdc-2025