According to the materials of the site - By Coinlive.me
On August 4, 2025, the DeFi lending protocol CrediX faced an exploit amounting to $4.5 million, leading to the disappearance of the core team and raising suspicions of an exit scam.
This incident revealed persistent vulnerabilities in DeFi protocols, affecting investor confidence and highlighting the need for enhanced security measures in the crypto industry.
On August 4, 2025, a major exploit occurred in CrediX, a DeFi lending protocol, amounting to $4.5 million. The attackers gained access to the protocol's multisig administrative and bridge wallets, issued unsecured tokens, and drained liquidity pools, leaving users without legal recourse.
The CrediX team is suspected of an exit scam following their disappearance. All official communication channels, including the website, Twitter, and Telegram, were shut down, leaving investors and users in uncertainty.
The immediate consequences of the attack were devastating: the total value locked fell to zero. This shock affected various users and neighboring protocols associated with CrediX, impacting their operational reliability and market stability.
The leak significantly undermined trust in DeFi security protocols, revealing vulnerabilities associated with multisig and administrative wallets. The financial implications extend beyond the affected parties and permeate the entire ecosystem.
Currently, the investigation is focused on identifying the team and tracking the stolen funds using blockchain analyzers. Authorities have not yet released official statements, which intensifies speculation in the industry regarding regulatory measures and future DeFi security actions.
@CertiKAlert, CertiK, a company specializing in blockchain security: "After the incident that led to losses of $4.4 million, the @CrediX_fi team disappeared. The X account is inactive, and the website has not been restored since August 4." Historically, hacks of administrative wallets have led to a rapid collapse of TVL, forcing blockchain specialists and community-based networks, such as Stability DAO, to recover assets. Increased awareness of security measures in the crypto finance sector is expected.
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