2024 LI.FI Hack
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| Discovered On | 2024-07-16 |
| Stolen Amount | $11.6M |
| Affected Networks |                        |
| Read More | li.fi, x.com |
Description
Roughly $11m was stolen from users of LI.FI, a cross-chain bridge and DEX aggregator. In a post-mortem statment the LI.FI team stated that the attackers used a vulnerability in a smart contract facet to gain unauthorized access to user wallets that had infinite token approvals to the LI.FI contract.
Affected users remain at risk as long as they haven't revoked their approvals, so it is recommended to use the Revoke.cash Exploit Checker below to make sure that you're safe.