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News Explorer — Cross-Chain DeFi Protocol Li.Fi Hacked for $9 Million

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Jul 16, 4:35 pm
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Cross-Chain DeFi Protocol Li.Fi Hacked for $9 Million

The cross-chain DeFi protocol Li.Fi is suspected to have lost nearly $9 million in cryptocurrencies in an exploit, according to blockchain security firm CertiK. The exploit targeted Li.Fi users who manually adjusted their account settings. Li.Fi has identified additional security breaches and urged users to revoke permissions and check if their accounts have been compromised.

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