Li Finance protocol loses $600,000 in latest DeFi exploit
Li Finance (LiFi) protocol users suffered losses amounting to around $600,000, some of them have been reimbursed after a hacker exploited a bug in the project’s smart contract. The Li Finance swap aggregator has experienced a smart contract exploit leading to the loss of around $600,000 from 29 users’ wallets.The exploit took place at 2:51 am UTC on March 20. The attacker was able to extract varying amounts of 10 different tokens from wallets that had given “infinite approval” to the Li Finance protocol. Among the stolen tokens were USD Coin (USDC), Polygon (MATIC), Rocket Pool (RPL),....
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