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Infini, a prepaid payments card issuer that offers interest on deposited dollar stablecoins, warned a hacker it had “gathered critical IP and device information” after losing almost all the value locked in its wallets.The attacker drained $49.5 million from the Hong Kong-based neobank's wallets, according to Peckshield. The company said only on Sunday it had hit $50 million in total value locked. See all newslettersThe exploit came just days after Bybit, the second-largest cryptocurrency exchange by trading volume, saw a hacker drain its ether cold wallet and make off with nearly $1.5 billion in crypto's largest exploit.“We are closely monitoring the address involved and are prepared to take immediate action to freeze any stolen funds if necessary," Infini told the hacker in a blockchain transaction. "In an effort to resolve this matter amicably, we are willing to offer you 20% of the stolen assets should you choose to return the funds.” Infini gave the perpetrator 48 hours to “facilitate a swift resolution,” and that failure to respond means it will “have no choice” but to continue its investigation in collaboration with law enforcement.According to Cyvers, the exploit occurred after a developer who helped set up its smart contract kept admin rights over it. More than three months later, they leveraged these rights and drained the funds to a wallet funded over cryptocurrency mixer Tornado Cash.The neobank’s founder, Christian Li, has pledged to cover the full loss from his personal funds and took responsibility for the incident.

BlockBeats News: On February 25th, according to a memorandum from the US SEC meeting, on February 20th, 2025, the US Securities and Exchange Commission (SEC) Crypto Task Force met with representatives from Fidelity Investments. Fidelity representatives submitted attachment documents and discussed relevant content during the meeting The applicability of Rule 15C3-3 (Customer Protection Rules) to the interaction between brokers and digital asset securities, and the discussion of brokers' requirements for customer asset isolation and custody in digital asset securities trading; Standardization rules for the listing of digital asset exchange traded products (ETPs) to promote a standardized framework for the issuance and listing of digital asset ETPs; Clarify the selection mechanism for asset pledge by fund initiators, and define the compliance path and operational standards for funds when pledging encrypted assets; Accounting treatment of rewards related to tokens and financial instruments based on blockchain, exploring regulatory recognition methods for on chain incentives such as staking income and liquidity mining rewards.

JUST IN: 🇺🇸 SEC met with Michael Saylor last week to discuss establishing framework for digital assets.

According to BlockBeats, on February 25th, FOX Business reporter Eleanor Terrett revealed that Michael Saylor, founder of Strategy (formerly MicroStrategy), met with the SEC's Crypto Task Force last Friday.

The current price of HTX-BTC is $93869.95, a decrease of 1.65% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 64.1 million US dollars, with multiple orders being the main liquidation and 28.42 million US dollars (44.34%) of BTC liquidation. The data is for reference only.