Lifinity Faces $700,000 Drainage in LFNTY-USDC Pool

In a recent setback for decentralized exchange (DEX) Lifinity, an arbitrage bot drained approximately $700,000 from Lifinity’s LFNTY-USDC pool on December 8. The incident unfolded due to a bug associated with an Immediate-or-Cancel (IOC) order, resulting in an unexpected response that led to a loss of $699,090, as disclosed in the company’s Discord channel. The…