BlockchainHacks
1,611 views
7 Discussing
Hot
Latest
CrediX Team Disappears After $4.5M Exploit in Suspected DeFi Exit Scam
The decentralized finance (DeFi) lending platform CrediX has vanished from the public eye following a $4.5 million exploit, prompting widespread concerns of a potential exit scam.
According to blockchain security firm CertiK, CrediX’s official website and X (formerly Twitter) account have been offline since August 4, 2025, just days after attackers drained millions from its liquidity pools.
Details of the $4.5M Exploit
Investigations revealed that the attack originated from a compromised admin wallet and abuse of bridge roles, enabling the minting of unbacked tokens. The attacker then swapped and bridged these fraudulent assets, ultimately transferring the stolen funds from Sonic to Ethereum.
CertiK reported that the breach bypassed normal protocol safeguards, allowing the exploiter to drain liquidity pools in a short time frame.
Vanishing Act and Exit Scam Concerns
In the immediate aftermath, CrediX announced plans to reimburse affected users within 24–48 hours and directed withdrawals through specific contracts. However, the project’s front-end never returned online, and no official recovery plan has been published.
The sudden silence has fueled speculation of an exit scam — a fraudulent act where project developers disappear with investor funds.
Broader Impact on Crypto Security in 2025
The CrediX incident adds to a grim trend for DeFi in 2025. According to industry trackers, over $2.5 billion has already been lost to hacks, exploits, and scams in the first half of the year alone.
With regulators increasing scrutiny on decentralized projects, experts warn that incidents like CrediX will likely intensify calls for stricter smart contract audits, KYC requirements for DeFi teams, and mandatory insurance pools to protect investors.
Key Takeaways
CrediX website & X account offline since Aug. 4.
Exploit linked to compromised admin wallet & bridge abuse.
$4.5 million drained, funds bridged from Sonic to Ethereum.
Promised reimbursements never delivered.
Part of $2.5B lost in crypto hacks & scams in 2025.
$BTC
#CrediX #DeFi #ExitScam #CryptoSecurity #BlockchainHacks
According to blockchain security firm CertiK, CrediX’s official website and X (formerly Twitter) account have been offline since August 4, 2025, just days after attackers drained millions from its liquidity pools.
Details of the $4.5M Exploit
Investigations revealed that the attack originated from a compromised admin wallet and abuse of bridge roles, enabling the minting of unbacked tokens. The attacker then swapped and bridged these fraudulent assets, ultimately transferring the stolen funds from Sonic to Ethereum.
CertiK reported that the breach bypassed normal protocol safeguards, allowing the exploiter to drain liquidity pools in a short time frame.
Vanishing Act and Exit Scam Concerns
In the immediate aftermath, CrediX announced plans to reimburse affected users within 24–48 hours and directed withdrawals through specific contracts. However, the project’s front-end never returned online, and no official recovery plan has been published.
The sudden silence has fueled speculation of an exit scam — a fraudulent act where project developers disappear with investor funds.
Broader Impact on Crypto Security in 2025
The CrediX incident adds to a grim trend for DeFi in 2025. According to industry trackers, over $2.5 billion has already been lost to hacks, exploits, and scams in the first half of the year alone.
With regulators increasing scrutiny on decentralized projects, experts warn that incidents like CrediX will likely intensify calls for stricter smart contract audits, KYC requirements for DeFi teams, and mandatory insurance pools to protect investors.
Key Takeaways
CrediX website & X account offline since Aug. 4.
Exploit linked to compromised admin wallet & bridge abuse.
$4.5 million drained, funds bridged from Sonic to Ethereum.
Promised reimbursements never delivered.
Part of $2.5B lost in crypto hacks & scams in 2025.
$BTC
#CrediX #DeFi #ExitScam #CryptoSecurity #BlockchainHacks
See original
Smart contracts are not always smart: How did major projects fall victim?
🧨Big people lost a million dollars in a second: Secrets of smart contract vulnerabilities and how to protect yourself
In the world of cryptocurrencies, a person's life can change overnight. But not always for the better. Many investors lost their money due to vulnerabilities in the 'smart contracts' that are used in decentralized finance (DeFi) projects without even realizing how it happened.
In the world of cryptocurrencies, a person's life can change overnight. But not always for the better. Many investors lost their money due to vulnerabilities in the 'smart contracts' that are used in decentralized finance (DeFi) projects without even realizing how it happened.
Crypto Hack Report 2024: Record $2.2B Lost in 303 Attacks!
📊 2024 Crypto Hack Insights
Biggest Year for Hacks: With 303 attacks, 2024 saw the highest number of hacks in crypto history.Comparisons to 2022: Though fewer hacks (231) occurred in 2022, losses were higher at $3.7 billion.
💥 Major Crypto Hacks of 2024
1️⃣ Orbit Chain Hack: $80M stolen through compromised multi-signature wallets.
2️⃣ DMM Bitcoin Hack: $305M stolen due to platform vulnerabilities, making it the largest crypto hack of the year.
3️⃣ WazirX Hack: $235M stolen by the Lazarus Group, a North Korean hacker organization.
👉 North Korea’s Role:
North Korea-affiliated hackers were behind 61% of stolen funds, amounting to $1.34B across 47 attacks.The DPRK’s activity has decreased by 53.73% since a Russia-North Korea summit in June 2024.
🔑 Key Causes of Crypto Hacks
Private Key Compromises: Centralized exchanges remain vulnerable despite KYC measures.DeFi Smart Contract Exploits: Security vulnerabilities highlight the need for stronger protocols.
🛡️ Protecting Your Assets
Use Cold Wallets: Keep funds offline to minimize risk.Verify Smart Contracts: Only interact with audited platforms.Stay Vigilant: Watch for phishing attempts and suspicious links.
🌍 Global Crypto Security Trends
While 2024 broke records in hack frequency, the decline in DPRK activity shows how international political developments can impact cybercrime. The collaboration between global authorities is crucial in fighting crypto-related crimes.
As the crypto market evolves, robust security measures and user awareness are more vital than ever to safeguard assets.
#CryptoSecurity #BlockchainHacks #CryptoNews #crypto #TheCoinRepublic
Biggest Year for Hacks: With 303 attacks, 2024 saw the highest number of hacks in crypto history.Comparisons to 2022: Though fewer hacks (231) occurred in 2022, losses were higher at $3.7 billion.
💥 Major Crypto Hacks of 2024
1️⃣ Orbit Chain Hack: $80M stolen through compromised multi-signature wallets.
2️⃣ DMM Bitcoin Hack: $305M stolen due to platform vulnerabilities, making it the largest crypto hack of the year.
3️⃣ WazirX Hack: $235M stolen by the Lazarus Group, a North Korean hacker organization.
👉 North Korea’s Role:
North Korea-affiliated hackers were behind 61% of stolen funds, amounting to $1.34B across 47 attacks.The DPRK’s activity has decreased by 53.73% since a Russia-North Korea summit in June 2024.
🔑 Key Causes of Crypto Hacks
Private Key Compromises: Centralized exchanges remain vulnerable despite KYC measures.DeFi Smart Contract Exploits: Security vulnerabilities highlight the need for stronger protocols.
🛡️ Protecting Your Assets
Use Cold Wallets: Keep funds offline to minimize risk.Verify Smart Contracts: Only interact with audited platforms.Stay Vigilant: Watch for phishing attempts and suspicious links.
🌍 Global Crypto Security Trends
While 2024 broke records in hack frequency, the decline in DPRK activity shows how international political developments can impact cybercrime. The collaboration between global authorities is crucial in fighting crypto-related crimes.
As the crypto market evolves, robust security measures and user awareness are more vital than ever to safeguard assets.
#CryptoSecurity #BlockchainHacks #CryptoNews #crypto #TheCoinRepublic
See original
🚨 Cryptocurrency hacks net $1.63 billion in Q1 2025!
📉 The first quarter of 2025 saw more than $1.63 billion in digital asset theft, with the attack on the Bybit platform being the most destructive, accounting for 92% of the total losses. However, March recorded a significant decrease in losses, dropping to $33 million after successful recovery operations of some stolen assets.
🔍 These numbers highlight the increasing security challenges faced by crypto platforms, raising questions about how prepared companies are to enhance protective measures and safeguard user funds.
⚠️ As these attacks continue, cybersecurity remains a top priority in the crypto world!
📢 What do you think? Do you believe trading platforms need more advanced security strategies? 💬👇
#BlockchainHacks #BybitHack
#CyberThreats #CryptoSecurity
📉 The first quarter of 2025 saw more than $1.63 billion in digital asset theft, with the attack on the Bybit platform being the most destructive, accounting for 92% of the total losses. However, March recorded a significant decrease in losses, dropping to $33 million after successful recovery operations of some stolen assets.
🔍 These numbers highlight the increasing security challenges faced by crypto platforms, raising questions about how prepared companies are to enhance protective measures and safeguard user funds.
⚠️ As these attacks continue, cybersecurity remains a top priority in the crypto world!
📢 What do you think? Do you believe trading platforms need more advanced security strategies? 💬👇
#BlockchainHacks #BybitHack
#CyberThreats #CryptoSecurity
💥 Save More, Spend Less: The 5 Cheapest Coins to Withdraw on Binance (June 2025)❗
Let’s face it—no one likes high crypto withdrawal fees 😤. Whether you're moving assets to a cold wallet or switching platforms, every fraction of a coin matters.
📉 The good news? Some coins on Binance have shockingly low withdrawal fees—some even under a cent!
Here are 5 coins with the lowest withdrawal fees on Binance right now:
🔹 1. $XRP (Ripple)
✅ Fee: $0.13
✅ Fast settlement and low cost
🧠 Heads-up: Always include the destination tag—or your XRP could vanish.
🔹 2. $TRX (Tron)
✅ Fee: 1 TRX (~$0.12)
✅ Ultra-fast and super cheap
🚀 That’s why stablecoin users often prefer TRC-20 USDT over ERC-20.
🔹 3. $LTC (Litecoin)
✅ Fee: $0.10
✅ Reliable with low network congestion
📉 Great for mid-size transfers at minimal cost.
🔹 4. XLM (Stellar)
✅ Fee: 0.02 XLM (~$0.003!)
✅ Blazing-fast with tiny fees
🛡️ Don’t forget the memo tag when sending!
🔹 5. DOGE (Dogecoin)
✅ Fee: 0.01 DOGE (~$0.0015)
✅ Still one of the cheapest, meme and all
😂 Much wow, very efficient.
---
🧮 Why This Matters:
Frequent withdrawals? Small balances? These low-fee coins can save you real money over time.
🧠 Pro Tip:
Sending USDT? Use TRC-20 on TRON for ultra-low fees, then convert to ERC-20 if needed. You could save over $10 per transfer.
🛡️ Note: All fee data is based on Binance's official schedule (June 2025). Always double-check before making a move.
👇 Which coin is your go-to for cheap withdrawals? Drop it in the comments!
💬 Got more low-fee gems? Share them with the community!
#CryptoSavings #BinanceTips #LowFeesHighGains #BlockchainHacks #CryptoCharts101
Let’s face it—no one likes high crypto withdrawal fees 😤. Whether you're moving assets to a cold wallet or switching platforms, every fraction of a coin matters.
📉 The good news? Some coins on Binance have shockingly low withdrawal fees—some even under a cent!
Here are 5 coins with the lowest withdrawal fees on Binance right now:
🔹 1. $XRP (Ripple)
✅ Fee: $0.13
✅ Fast settlement and low cost
🧠 Heads-up: Always include the destination tag—or your XRP could vanish.
🔹 2. $TRX (Tron)
✅ Fee: 1 TRX (~$0.12)
✅ Ultra-fast and super cheap
🚀 That’s why stablecoin users often prefer TRC-20 USDT over ERC-20.
🔹 3. $LTC (Litecoin)
✅ Fee: $0.10
✅ Reliable with low network congestion
📉 Great for mid-size transfers at minimal cost.
🔹 4. XLM (Stellar)
✅ Fee: 0.02 XLM (~$0.003!)
✅ Blazing-fast with tiny fees
🛡️ Don’t forget the memo tag when sending!
🔹 5. DOGE (Dogecoin)
✅ Fee: 0.01 DOGE (~$0.0015)
✅ Still one of the cheapest, meme and all
😂 Much wow, very efficient.
---
🧮 Why This Matters:
Frequent withdrawals? Small balances? These low-fee coins can save you real money over time.
🧠 Pro Tip:
Sending USDT? Use TRC-20 on TRON for ultra-low fees, then convert to ERC-20 if needed. You could save over $10 per transfer.
🛡️ Note: All fee data is based on Binance's official schedule (June 2025). Always double-check before making a move.
👇 Which coin is your go-to for cheap withdrawals? Drop it in the comments!
💬 Got more low-fee gems? Share them with the community!
#CryptoSavings #BinanceTips #LowFeesHighGains #BlockchainHacks #CryptoCharts101
🚨 AI x BT Security Breach: Is Crypto Trading at Risk? #AiXBTSecurityBreach
⚠️ A sophisticated cyber attack has shaken the crypto world! Hackers have exploited AI-powered trading bots and blockchain networks, causing billions in market disruptions.
🔍 What Exactly Happened?
🔴 AI-Powered Trading Systems Compromised – Malicious actors injected fake trading signals into AI-driven bots, causing massive buy/sell orders.
🔴 Flash Crashes & Market Manipulation – BTC, ETH, and top altcoins saw sudden spikes and crashes as algorithms got tricked.
🔴 Unauthorized Transactions & Data Leaks – Users reported suspicious activity on centralized and decentralized exchanges.
💡 Cybersecurity experts say this is one of the most advanced AI-driven attacks in financial history. With AI automating more trading strategies, hackers are finding new ways to exploit vulnerabilities.
📊 Authorities & exchanges are investigating how AI was used as a weapon. Could this lead to stricter AI regulations in crypto?
💬 Should AI trading bots be restricted to prevent such attacks? Or is this just part of crypto’s evolution? Drop your thoughts below! 👇🔥
#CryptoSecurity #AITradingRisks #BlockchainHacks
⚠️ A sophisticated cyber attack has shaken the crypto world! Hackers have exploited AI-powered trading bots and blockchain networks, causing billions in market disruptions.
🔍 What Exactly Happened?
🔴 AI-Powered Trading Systems Compromised – Malicious actors injected fake trading signals into AI-driven bots, causing massive buy/sell orders.
🔴 Flash Crashes & Market Manipulation – BTC, ETH, and top altcoins saw sudden spikes and crashes as algorithms got tricked.
🔴 Unauthorized Transactions & Data Leaks – Users reported suspicious activity on centralized and decentralized exchanges.
💡 Cybersecurity experts say this is one of the most advanced AI-driven attacks in financial history. With AI automating more trading strategies, hackers are finding new ways to exploit vulnerabilities.
📊 Authorities & exchanges are investigating how AI was used as a weapon. Could this lead to stricter AI regulations in crypto?
💬 Should AI trading bots be restricted to prevent such attacks? Or is this just part of crypto’s evolution? Drop your thoughts below! 👇🔥
#CryptoSecurity #AITradingRisks #BlockchainHacks
Login to explore more contents