2 weeks ago
The squad down decentralized lender CrediX has vanished days aft a $4.5 cardinal exploit, leaving its X relationship inactive and website offline since Aug. 4, according to blockchain information steadfast CertiK.
The abrupt disappearance has sparked fears of an exit scam, which is erstwhile developers wantonness a task and capitalist funds without warning.
The $4.5 cardinal nonaccomplishment has been tied to a compromised admin wallet and maltreatment of span roles, which allowed an attacker to mint unbacked tokens and drain liquidity pools.
The exploiter moved funds from Sonic to Ethereum, parking them crossed a fistful of addresses. In the hours aft the attack, CrediX promised to reimburse users wrong 24-48 hours and directed withdrawals done contracts, but the beforehand extremity ne'er returned and nary betterment program has been published.
The exploit and perceived exit scam marks different pugnacious time for crypto investors successful 2025, with the full magnitude mislaid to hacks and scams totaling $2.5 cardinal successful the archetypal fractional of this year.
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