The Block Crypto News9 minutes ago

Published on July 16, 2024 14:17 GMT+00:00edited on July 16, 2024 14:19 GMT+00:00

Cross-chain blockchain protocol LI.FI has been exploited, the team said on the social media platform X. The team is investigating the possible hack, which appears to only affect users who manually set certain features.

"Please do not interact with any LI.FI powered applications for now," the LI.FI team wrote. "We're investigating a potential exploit. If you did not set infinite approval, you are not at risk."

“[W]e urge all users to immediately use our secluded revoke website,” LI.FI wrote, adding that “4 more security breaches have been identified.”