BlockBeats News, March 20th, according to Wu Said Blockchain News, the stablecoin digital bank InfiniInfini team sent an on-chain message to the Infini hacker address, attaching a court litigation document. The plaintiff in the lawsuit is BP SG Investment Holding Limited (wholly owned by Infini Labs) CEO Chou Christian-Long, with the first defendant being Chen Shanxuan, a resident of Foshan, Guangdong, and the identities of the second to fourth defendants are yet to be confirmed.

The plaintiff and BP Singapore developed a smart contract for managing company and client funds, with the first defendant leading the contract's creation. The contract originally had multi-signature permission to control fund outflows, but the first defendant allegedly retained "super admin" authority and falsely informed other team members that this authority had been removed.

In late February 2025, the plaintiff discovered that approximately 49.51 million USDC tokens of encrypted assets were transferred to multiple unknown wallets without multi-signature authorization. The plaintiff was concerned that the defendant or unidentified parties might further transfer or launder the assets, so they applied to the court for an injunction to prevent the defendants from transferring the stolen assets and requested disclosure of the wallet owners' identities and related transaction information.

In the affidavit, the plaintiff mentioned recently learning that the first defendant has a severe gambling habit, possibly resulting in substantial debts, speculating that this is the reason for the asset theft, and provided screenshots of relevant message records.