4 August 2025
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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.