The decentralized finance (DeFi) protocol CrediX Finance team seems to have disappeared after the platform suffered a $4.5 million attack, raising concerns about an exit scam.
On Monday, a blockchain security firm discovered that the platform had been stolen $4.5 million. Subsequently, the DeFi protocol suspended its website to prevent users from depositing again.
Blockchain security company SlowMist stated that six days before the attack, the attackers accessed the protocol's multi-signature management and bridging wallet and minted cryptocurrency to withdraw liquidity pools.
On Friday, the platform's official X account and website went offline, and the company's Telegram account also disappeared, no longer issuing announcements.
DeFi protocol disappears after promising refunds
In an inaccessible X post, CrediX Finance stated that it has convinced the attackers to return the money, and the protocol's treasury also paid a portion in exchange for the funds' return.
The company claims it will fully compensate users for their losses through airdrops.
However, since then, the company has gone silent and deleted all official platforms.
Stability DAO will reveal two members of CrediX.
Stability DAO announced that it is preparing a legal report and has contacted affected teams, including Sonic Labs, to cooperate with authorities to investigate the flow of funds.
The organization will share a complete report with the community detailing the incident and the steps taken. The DAO also stated that it has obtained KYC information for two members of the CrediX team, which will be included in the legal report.
Trevee (formerly Rings Protocol) stated that this attack indirectly affected its $1.6 million scUSD loan.