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Nashalaselle
@nashalaselle
Li.Fi, an API for Ethereum Virtual Machine and Solana swaps and bridging, was attacked on July 16, and over $10 million in cryptocurrencies was drained. A Li.Fi spokesperson informed Cointelegraph that the “smart contract exploit” had been contained and the “affected smart contract facet disabled.” The spokesperson explained that users face no further risk and that the team is engaging “appropriate law enforcement authorities and relevant third parties, including security teams from the industry, to trace funds. “ According to Cyvers, the team’s systems alerted to suspicious transactions on Li.Fi involving a specific contract address.
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