This matter can be included in the web3 weird news record. Listen to me and say to you.
Remember I introduced a card on my official account before -infini? Simply put, this is the very popular U card now. You can charge usdt and bind Alipay/WeChat, etc. to meet daily consumption, especially some overseas services.
I am not going to talk about this card today, but about the company that issued the card being interfered by an insider and stole $50 million.
On February 24, infini announced that the assets were stolen, with an amount of up to US$49.5 million. It has already called the police in many places, and the employees involved have been controlled.
By chance, I had some contact with infini’s boss Christian, and asked him to help write a recommendation for "Introduction to NFT Minimalist", because he is also an investor in the well-known NFT project Little Ghost. In the circle, he has a very good reputation. As a few post-00s who earn and manage huge amounts of funds, according to the court documents disclosed today, Infini sued an employee for having a programmer's backdoor and deliberately stole 50 million US dollars, which was in an uproar in the circle. This programmer works remotely in Foshan, Guangdong, and deceives the management team without transferring permissions, leaving hidden dangers. He still has some famous programmers in the circle and can write something. His Twitter still comments on comments about bybit being hacked: If there is an insider, it is basically difficult to prevent.
The management of Web3 has always been a difficult problem. Previously, bybit's company in Singapore was stolen by HR and relatives in a false name and bought luxury cars and famous bags. For a startup team like infini, it will start with a perfect start and encounter the perfect enemy - the team and their own people.
Christian immediately stated that he would pay the full amount. In fact, in just a few days, he himself (including some friends and family) filled the $50 million gap. In the business battlefield, the most rare thing is credibility, especially when facing difficulties, see what you put first.
So, I firmly believe that he can overcome this hurdle. In fact, he has gained the market by taking responsibility as soon as possible, starting an alarm investigation, and then immediately starting to make user compensation and explanations.
What else can you rely on? If you have to ask for an answer, I think it is still credit.