BREAKING: New DeFi Protocol HACKED Just Weeks After Launch — $4.5M Gone in Minutes!
The Sonic-based DeFi platform CrediX Finance has been taken offline after a devastating $4.5 MILLION EXPLOIT, just days after debuting.
In a chilling reminder of DeFi’s vulnerability, hackers bridged stolen funds to Ethereum, now spread across three wallets, says blockchain watchdog CertiK.
CrediX confirmed a “security breach” at 9:10 UTC, immediately pulling the plug to prevent more deposits. Their team claims “all user funds will be recovered within 24–48 hours,” but confidence is rattled.
Analysts point to multi-sig wallet breaches — the #1 attack vector of 2025, with $3.1B lost to hacks in just the first half of the year.
Launched less than a month ago, CrediX is the latest DeFi platform to fall prey to aggressive on-chain attackers. The speed and scale of this exploit could derail trust in up-and-coming DeFi ecosystems.
Investors are demanding answers.
Is this the cost of innovation? Or a sign that DeFi needs a serious security upgrade?
Stay sharp. Stay decentralized. But maybe… stay skeptical.