BlockBeats News, February 25th, stablecoin digital bank Infini released a funding and operations update stating, "Currently, Infini's funds are held in the Cobo Custodian wallet. All Infini card functions: transfers, deposits, withdrawals, and payments are operating normally.
The team is working hard to ensure the maximum security of the Infini Earn feature. This process is expected to take 3-4 weeks, during which profit distribution will be temporarily suspended. We will update as soon as Infini earnings resume.
The Infini team is also actively cooperating with legal authorities and SlowMist to investigate this hack. We are making good progress. Once there are updates, we will share with everyone as soon as possible."