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infini

Infini is a digital bank that provides financial management and payment functions for stablecoins. Infini offers secure and robust digital asset management services and compliant stablecoin payment solutions for businesses worldwide. It achieves stablecoin yield growth, instant digital currency payment settlement, and seamless exchange of crypto fiat.
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Axelar responds to security incident: Axelar and IBC are unaffected, the vulnerability originates from a third-party token contract's "infinite minting" issue

The cross-chain protocol Axelar Network released a statement regarding the recent security incident related to Secret Network, stating that there is a misunderstanding within the community about the event. Both Axelar and the Inter-Blockchain Communication Protocol (IBC) were not attacked or compromised. The affected token smart contracts were neither developed, deployed, nor maintained by Axelar, and Axelar's firewall mechanism also prevented the impact from spreading to other chains.It is reported that the exploited contract is a forked version based on CW20-ICS20, but the developers removed two core security checks, resulting in an "infinite minting" vulnerability. By deleting the verification mechanisms originally used to prevent such issues, this fork altered the original trust model of the contract and did not undergo a new security audit.Axelar Network explained that anyone can deploy contracts for cross-chain asset wrapping through IBC, and similar contracts have also been used to wrap tokens from other chains into Secret Network. However, the Secret side fork version in this incident has vulnerabilities due to the removal of key security checks. This incident is not a unique logical flaw, nor is it an issue with the IBC protocol itself, but rather a security risk introduced by modifications to third-party contracts.

NeoSoul and Infini have reached a strategic partnership to upgrade global financial operations using Infini's corporate card

Agent Economy project NeoSoul announced a strategic partnership with AI-powered financial OS Infini. Currently, NeoSoul has adopted the Infini corporate card to support the team's expenses in SaaS subscriptions, AI APIs, cloud services, marketing, community operations, and collaboration tools during the globalization process, further enhancing the payment efficiency and financial management capabilities of AI/Web3 teams.As the globalization of AI and Web3 projects continues to increase, the team's daily expenses are showing characteristics of high frequency, small amounts, cross-border, and multi-platform. From model calls, cloud infrastructure, and node services to advertising, content production, and community growth, corporate financial tools have become an important infrastructure affecting R&D efficiency and market execution speed. Through this collaboration, NeoSoul will leverage the Infini corporate card and related tools to optimize the team's experience in cross-border spending, budget management, expense visualization, and operational collaboration, providing more flexible financial support for subsequent product development and global market expansion.In the future, both parties will further communicate around corporate financial operations in the AI era. Potential directions include the application of AI Agents in corporate expense management, budget control, subscription management, and cross-border payments, the role of stablecoin payments in the global operations of AI/Web3 teams, and the potential needs for payment authorization, settlement, and credit infrastructure that may arise during the development of the Agent Economy. NeoSoul and Infini also plan to continuously focus on the integration of AI Agents and corporate financial infrastructure through industry exchanges, closed-door discussions, and ecological communication, promoting more discussions on AI-native operations, stablecoin payments, and digital economic infrastructure.NeoSoul co-founder Kaelan stated: "The development of AI Agents is gradually moving from content generation and information processing to more complex economic behaviors. As Agents begin to participate in forecasting, collaboration, payments, settlements, and long-term credit accumulation, enterprises and development teams also need financial infrastructure that is more suitable for globalization, digitization, and automation scenarios. This collaboration with Infini will start from NeoSoul's own team operation scenarios and gradually explore more possibilities for the integration of AI and new financial tools."Infini founder Christian stated: "NeoSoul is exploring cutting-edge directions such as AI Agents, predictive markets, and the Agent Economy, which highly aligns with Infini's judgment on the future of corporate financial automation. We are pleased to support NeoSoul's global operations through corporate cards and financial operation tools. In the future, Infini also looks forward to more discussions with NeoSoul around financial management for AI-native teams, stablecoin payments, and automated operations."
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