CrediX team vanishes after $4.5 million exploit, deletes socials, and takes website offline

The CrediX team has "disappeared" in an apparent exit scam following the decentralized lender's Aug. 4 exploit, with its social media and website remaining inactive, blockchain security firm CertiK said on Friday.

The exploit resulted in a $4.5 million loss after an attacker took control of a compromised admin wallet and abused bridge roles to mint unbacked tokens and drain pool assets.

CrediX initially promised reimbursement within 48 hours but has not followed through on the pledge, nor posted a recovery plan.

Analysts tracking the stolen funds say assets were bridged from Sonic to Ethereum and were parked across a small number of addresses.