1 week ago
Sonic-based decentralized finance (DeFi) protocol CrediX Finance was taken offline aft being struck by a $4.5 cardinal exploit.
The protocol, which has been unrecorded for little than a month, revealed determination was a "security breach" astatine 9:10 UTC connected Monday. The website was taken offline to forestall users from depositing.
Blockchain information steadfast CertiK said each the stolen funds were bridged from Sonic to Ethereum and present beryllium successful 3 abstracted wallets.
The method of onslaught remains is unclear but it's worthy noting that multi-sig wallet breaches became the most communal onslaught vector successful the archetypal fractional of 2025, contributing to a full of $3.1 cardinal mislaid to hacks during that period.
"All users funds volition beryllium recovered successful afloat wrong 24-48 hours," CrediX wrote connected X to quell the concerns of investors who were incapable to entree the website.
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