Infini named three unnamed individuals and developer Chen Shanxuan as defendants in a Hong Kong lawsuit.
Infini, a stablecoin payment platform, sued a developer and a number of unnamed people in Hong Kong for allegedly participating in a hack that depleted about $50 million in cryptocurrency holdings.
Developer Chen Shanxuan and three unnamed individuals who had access to wallets used in the hack were named as defendants in the lawsuit in a onchain message delivered to the attacker by the Infini team on March 24.
According to Infini, the 49.5 million USDC USDC$0.9998 that were found to have been taken from the plaintiff’s finances are the subject of a protracted legal battle that is still pending. Without being informed of the disagreement, “any subsequent holders of the said crypto assets (if any) once held in those wallets that they cannot claim the status of bona fide purchases,” Infini added.
An onchain message, a way to deliver legal warnings to anonymous cryptocurrency wallets holding stolen money, was used by the Hong Kong court to convey an injunction order. A writ of summons requiring the defendants to appear at the hearing on the return date was also included.
Infini offered a 20% reward to the hackers who carried out the $50 million breach on February 24.
Infini claimed to have obtained the attackers’ IP address and device details in a onchain message. According to the platform, it is continuously keeping an eye on the addresses in question and will take appropriate action if needed. But if the attacker returned 80% of the money, the payment company would give them a reward.
“We will stop any additional tracking or analysis as soon as we receive the returned assets, and you won’t be held accountable,” Infini said.
However, in spite of the warnings, the attacker failed to return any of the money from the location that the Infini team had provided.
See also: $1.5 billion in cryptocurrency hack losses reveal bugs in bug bounty
After Bybit had the worst losses ever recorded in a crypto breach, the Infini assault occurred. A hacker gained access to Bybit’s multisignature wallet on February 21 and stole $1.4 billion worth of cryptocurrency assets.
Marwan Hachem, the chief operating officer of FearsOff, told Cointelegraph in a statement that the Infini hacker was meticulous in the timing of the assault. The assault occurred only a few days after the Bybit breach, and the timing “was not by chance,” according to the cybersecurity executive.
“The Infini attackers thought their chances of success were higher at that time because everyone was focused on the investigation and recovery efforts of the $1.5B,” Hachem told Cointelegraph.
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