🔐 CrediX Recovers $4.5M After Successful Negotiation With Attacker
🏦 What Is CrediX?
CrediX is a Solana-based DeFi protocol that aggregates and optimizes lending across platforms. It connects institutional capital to real-world assets by tokenizing private credit deals, streamlining access to credit and reducing manual complexity.
💥 CrediX Exploited – But With a Happy Ending
On Monday August 4th , CrediX was hit by a hack: over $4.5 million worth of digital assets were bridged to the Ethereum network by a Tornado Cash-funded wallet, according to blockchain security firm Cyvers.
🤝 Private Settlement With the Hacker
In a surprising turn, CrediX reached a private agreement with the attacker. In exchange for an undisclosed payment from its treasury, the attacker committed to return the stolen funds within 24–48 hours.
💸 Airdrop to Affected Users
CrediX plans to airdrop the recovered funds directly to affected users’ wallets—also within 48 hours of recovery.
📈 Hacks in 2025 – A Growing Issue
More than $2.47B lost to hacks and scams in the first half of 2025
Q2 alone saw 144 incidents, causing $800M in losses (a 52% drop from Q1)
Nearly 80% of token price values fail to recover after a hack, per Immunefi research
🕵️♂️ Rising Pressure on Attackers
Other recent cases highlight a shifting pattern:
■GMX exploit: attacker returned $40M in exchange for a $5M white-hat bounty
2024 wallet poisoning scam: $71M returned after exposure and pressure
🌐 Traditional Finance Also Targeted
Brazil’s C&M Software suffered a $140M breach when an employee sold credentials for $2,700, granting access to central bank systems.
🔒 Conclusion: Security Remains Critical
CrediX’s experience shows that negotiating with hackers can yield results, but it’s not a scalable solution. The broader trend underscores the urgent need for stronger cybersecurity, oversight, and rapid-response mechanisms within both the crypto and traditional financial infrastructure.
