CrediX
1,187 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
🚨 JUST IN: CrediX, a DeFi lending platform on Solana, has gone completely silent after suffering a $4.5 million exploit on August 4.
The attack targeted the platform’s admin multi-sig wallet and bridge permissions, allowing the hacker to drain funds and mint unbacked tokens.
Since then, the #CrediX team has taken down their website, deleted their X account, and removed other social media channels.
They had previously claimed to be in talks with the exploiter to recover the funds, but no updates have been given, sparking fears this could be an exit scam.
Stay cautious.
$BTC $ETH #Cryptonews
The attack targeted the platform’s admin multi-sig wallet and bridge permissions, allowing the hacker to drain funds and mint unbacked tokens.
Since then, the #CrediX team has taken down their website, deleted their X account, and removed other social media channels.
They had previously claimed to be in talks with the exploiter to recover the funds, but no updates have been given, sparking fears this could be an exit scam.
Stay cautious.
$BTC $ETH #Cryptonews
🚨 CrediX Hacker on the Move – $4.5M Transferred to Ethereum 🚨
Just in from CertiK Alert via BlockBeats:
💸 The hacker behind the CrediX exploit has now moved $4.5M in stolen crypto from Sonic to the Ethereum network.
This is a common tactic used to launder and obfuscate stolen funds via DeFi bridges.
🔍 Investigations are ongoing.
💬 Do you think the hacker will be caught, or will this turn into another unsolved case?
#CrediX #CryptoHack #BlockchainSecurity
Just in from CertiK Alert via BlockBeats:
💸 The hacker behind the CrediX exploit has now moved $4.5M in stolen crypto from Sonic to the Ethereum network.
This is a common tactic used to launder and obfuscate stolen funds via DeFi bridges.
🔍 Investigations are ongoing.
💬 Do you think the hacker will be caught, or will this turn into another unsolved case?
#CrediX #CryptoHack #BlockchainSecurity
Credix faces 4.4 million hack website is still offsite
In the ever-evolving world of cryptocurrency, security remains a paramount concern for investors and platforms alike. Recently, Credix, a platform focused on facilitating decentralized finance (DeFi) solutions for credit markets, faced a significant setback when it suffered a hack amounting to an estimated $4.4 million. This incident has raised serious questions regarding security protocols in the cryptocurrency space and the potential risks encountered by users and investors.
Credix primarily functions by connecting investors looking for yield opportunities with borrowers seeking funding through a decentralized marketplace. The platform's unique approach enables a more extensive reach and more favorable terms compared to traditional financial institutions. However, the recent breach highlights vulnerabilities that still exist within even the most innovative blockchain-based systems. The hack is particularly concerning because it underscores how quickly assets in the DeFi space can be made vulnerable, leading to potentially devastating financial consequences for both the platform and its users.
Following the breach, Credix has vowed to bolster its security measures to protect user assets moving forward. This incident serves as a crucial reminder for both platforms and investors in the cryptocurrency ecosystem to prioritize security, conduct thorough audits, and implement advanced risk management strategies to safeguard funds from malicious actors.
Despite the alarming nature of this event, it offers key lessons for the cryptocurrency community, such as the importance of transparency in security practices and the need for constant vigilance in monitoring for potential threats. As the industry matures, addressing these challenges effectively will be vital to fostering trust and maintaining the integrity of decentralized finance platforms.
As Credix works to recover from this breach, the incident may serve as a catalyst for change within the broader DeFi sector, propelling an industry-wide reassessment of security practices. In doing so, it may help set a higher standard for safeguarding digital assets, reinforcing the significance of security in the cryptocurrency landscape, and ensuring that the benefits of decentralized finance can be realized safely and securely.
Moving forward, the attention turned toward Credix’s response to this incident will likely impact investor confidence and the platform's long-term viability. The ability to reassure stakeholders and implement robust protective measures will determine whether Credix can rebuild trust and continue to thrive in an increasingly competitive and critical market. While the immediate impact of the hack is concerning, it also emphasizes the need for continuous improvement and adaptation within the cryptocurrency space. In an environment marked by rapid technological advancements, ensuring security and customer protection will be key components of sustainable growth for platforms like Credix and the broader DeFi ecosystem.
#credix #hacked #credixhacked #website #Defi
Credix primarily functions by connecting investors looking for yield opportunities with borrowers seeking funding through a decentralized marketplace. The platform's unique approach enables a more extensive reach and more favorable terms compared to traditional financial institutions. However, the recent breach highlights vulnerabilities that still exist within even the most innovative blockchain-based systems. The hack is particularly concerning because it underscores how quickly assets in the DeFi space can be made vulnerable, leading to potentially devastating financial consequences for both the platform and its users.
Following the breach, Credix has vowed to bolster its security measures to protect user assets moving forward. This incident serves as a crucial reminder for both platforms and investors in the cryptocurrency ecosystem to prioritize security, conduct thorough audits, and implement advanced risk management strategies to safeguard funds from malicious actors.
Despite the alarming nature of this event, it offers key lessons for the cryptocurrency community, such as the importance of transparency in security practices and the need for constant vigilance in monitoring for potential threats. As the industry matures, addressing these challenges effectively will be vital to fostering trust and maintaining the integrity of decentralized finance platforms.
As Credix works to recover from this breach, the incident may serve as a catalyst for change within the broader DeFi sector, propelling an industry-wide reassessment of security practices. In doing so, it may help set a higher standard for safeguarding digital assets, reinforcing the significance of security in the cryptocurrency landscape, and ensuring that the benefits of decentralized finance can be realized safely and securely.
Moving forward, the attention turned toward Credix’s response to this incident will likely impact investor confidence and the platform's long-term viability. The ability to reassure stakeholders and implement robust protective measures will determine whether Credix can rebuild trust and continue to thrive in an increasingly competitive and critical market. While the immediate impact of the hack is concerning, it also emphasizes the need for continuous improvement and adaptation within the cryptocurrency space. In an environment marked by rapid technological advancements, ensuring security and customer protection will be key components of sustainable growth for platforms like Credix and the broader DeFi ecosystem.
#credix #hacked #credixhacked #website #Defi
See original
The Credix platform recovers millions of dollars
The Credix platform successfully recovered $4.5 million in cryptocurrencies after successful negotiations regarding a security breach it faced.
#Crypto #Security #Credix #WCT #KingOfWCT @WalletConnect @Binance Square Official
The Credix platform successfully recovered $4.5 million in cryptocurrencies after successful negotiations regarding a security breach it faced.
#Crypto #Security #Credix #WCT #KingOfWCT @WalletConnect @Binance Square Official
My Spot Portfolio
410 / 800
Minimum 10USDT
Copy trader have earned in last 7 days
-10.70
USDT
7D ROI
-0.95%
AUM
$115370.02
Win Rate
87.69%
sam chog:
#KingofWCT
See original
Credix was attacked, resulting in a loss of 4.5 million USD from a stablecoin minting vulnerability
According to blockchain security firms CertiK and PeckShield, the decentralized finance (DeFi) protocol #Credix was attacked, leading to a loss of 4.5 million USD in cryptocurrency. The attack occurred on Monday when the attacker exploited a vulnerability to mint uncollateralized stablecoins.
Details of the attack
According to PeckShield's analysis, the attacker gained access to an administrator account, allowing them to mint stablecoins without collateral. Using these fake stablecoins, the attacker withdrew real assets from users collateralized on Credix. The security firms stated that the attacker had obtained this "privilege" six days prior to the attack.
The stolen funds were subsequently transferred from the layer-1 Sonic network to Ethereum. Credix has confirmed the incident and temporarily shut down the website. The protocol has committed to "fully recover" the funds for users within two days.
This incident serves as a reminder of the potential risks in the DeFi space, especially in protocols promising unusually high yields. Previously, former SEC Chairman Gary Gensler had warned about the risks of yield levels that sound "too good to be true." #Hacker
According to blockchain security firms CertiK and PeckShield, the decentralized finance (DeFi) protocol #Credix was attacked, leading to a loss of 4.5 million USD in cryptocurrency. The attack occurred on Monday when the attacker exploited a vulnerability to mint uncollateralized stablecoins.
Details of the attack
According to PeckShield's analysis, the attacker gained access to an administrator account, allowing them to mint stablecoins without collateral. Using these fake stablecoins, the attacker withdrew real assets from users collateralized on Credix. The security firms stated that the attacker had obtained this "privilege" six days prior to the attack.
The stolen funds were subsequently transferred from the layer-1 Sonic network to Ethereum. Credix has confirmed the incident and temporarily shut down the website. The protocol has committed to "fully recover" the funds for users within two days.
This incident serves as a reminder of the potential risks in the DeFi space, especially in protocols promising unusually high yields. Previously, former SEC Chairman Gary Gensler had warned about the risks of yield levels that sound "too good to be true." #Hacker
Login to explore more contents