DeFi Protocol CrediX Offline Following $4.5 Million Security Breach

CrediX Finance, a decentralized finance (DeFi) protocol, was taken offline following a $4.5 million exploit. Key points include:

  • The security breach was reported at 9:10 UTC on Monday.
  • The website was disabled to prevent further deposits.
  • All stolen funds were moved from Sonic to Ethereum, stored in three separate wallets.
  • The attack method is currently unclear; multi-signature wallet breaches have been a common attack vector, resulting in significant losses in recent months.
  • CrediX stated that all user funds will be fully recovered within 24-48 hours.