LI.FI exploit on 2024-07-16 ($11.6M reported)
Exploit on Ethereum, Arbitrum, 16 Jul 2024. Reported loss $11.6M. Last verified 4 Nov 2026.
major
Reported loss
$11.6M
as reported by the sources
Recovered
-
nothing reported
Status
Unknown
updated 26 Oct 2026
Date
Ethereum, Arbitrum
Summary
On 2024-07-16 a newly deployed facet of the LI.FI contract let an attacker drain about $11.6 million in USDC, USDT and DAI from 153 wallets with infinite token approvals on Ethereum and Arbitrum.
- Protocol
- LI.FI
- Type
- Exploit
- Reported loss
- $11,600,000 · as stated: about $11.6 million in USDC, USDT and DAI source: li.fi ↗
Facts and where they come from
Primary sources
- LI.FI: security incident report ↗ post-mortem · accessed 2026-11-04
Our own summary of facts published by the sources above. We do not attribute fault beyond them. Amounts are as the sources state them (no USD conversion by us); links and quoted figures last checked 2026-11-04.
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