TechFlow reports that cross-chain transaction aggregator LI.FI has stated the smart contract vulnerability reported earlier today has been contained, with the affected portion of the smart contract disabled, and users are no longer at risk. Only wallets that had granted unlimited approvals were affected, and their number is very small.
The LI.FI team is now working with appropriate law enforcement agencies and relevant third parties, including industry security teams, to trace the stolen funds, and will release a detailed post-incident analysis as soon as possible.
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