$8 Million Stolen from LI-FI Protocol: Users Urged to Refrain from Using LI-FI Applications
### $8 Million Stolen in LI-FI Protocol Breach: Users Advised to Exercise Caution
In a shocking development, the LI-FI protocol has been exploited, resulting in a whopping $8 million being stolen. The breach specifically affects users who have manually given unlimited approval to the protocol. This incident is a stark reminder of the potential vulnerabilities in the ever-evolving world of cryptocurrency.
LI-FI officials urge users to refrain from interacting with LI-FI applications at this time to avoid further risk. It’s important to note that if you have not given unlimited approval manually, you are not currently at risk.
The investigation is ongoing, and authorities are working diligently to trace the stolen funds. The urgency and severity of this breach underline the need for heightened security measures in crypto transactions. Stay tuned for further updates as the situation unfolds.
