The DeFi project CrediX is in trouble! The attacker was added as an administrator of the multi-signature wallet and the bridge contract controller six days ago, using their permissions to mint collateral in the liquidity pool and borrow large amounts, draining the funds in the pool.

Currently, the stolen $4.5 million in crypto assets has been bridged by the hacker from Sonic to the Ethereum network and is still in the attacker's wallet. The CrediX official website page has also been disabled to prevent users from continuing to deposit money.

CrediX announced that user funds will be fully restored within 24-48 hours.