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Li Finance protocol loses $600,000 in latest DeFi exploit -Breaking

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The Li Finance swap aggregator has experienced a smart contract exploit leading to the loss of around $600,000 from 29 users’ wallets.

This exploit occurred at 2:51 AM UTC on March 20, 2019. The attacker was able to extract varying amounts of 10 different tokens from wallets that had given “infinite approval” to the Li Finance protocol. (Among the stolen tokens was)USDCPolygonMATICRocket Pool (NASDAQ.) (RPL), Gnosis – (GNO),USDT), Metaverse Index (MVI), Audius (AUDIO), AAVE (AAVEJarvis Reward Token JRT (JRT), DAI (DAI)

Li Finance approached the team to offer a bug bounty for a hacker.