CrediX Finance team disappears after $4.5M hack
Stability DAO says it has identified two CrediX Finance team members and is working with other projects and authorities to recover the stolen funds.
The team behind the decentralized finance (DeFi) protocol CrediX Finance appears to have disappeared following a $4.5 million exploit that drained funds from the platform, raising concerns of a suspected exit scam.
On Monday, blockchain security firms flagged the exploit and determined that crypto assets worth $4.5 million had been taken from the platform. In response, the DeFi protocol paused its website to prevent users from depositing any more funds.
Blockchain security firm SlowMist wrote that six days before the exploit, the attackers accessed the protocol’s multisig admin and bridge wallets. The access was used to mint crypto that was used as collateral to drain the DeFi protocol’s liquidity pools.
Filed under: Altcoins - @ August 8, 2025 1:03 pm