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Stablecoin Bank Hacked – Hackers Stolen $49.5M in Attack

Decentralized finance protocol @0xinfini faced a significant security breach, losing $49.5 million in USDC through a multi-stage theft that included converting funds to DAI and ETH. This incident caused USDC to depeg slightly, affected crypto market dynamics, and heightened concerns over smart contract vulnerabilities. Regulatory scrutiny may increase as traders brace for potential market impacts.

Source: cybersecuritynews.com –

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