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CrediX Team Vanishes After $4.5M Exploit in Suspected DeFi Exit Scam
Blockchain security firm CertiK says the lender’s website and X account have been offline since Aug. 4, after an attack drained millions.
Updated Aug 8, 2025, 12:46 p.m. Published Aug 8, 2025, 12:41 p.m.
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What to know:
- The DeFi lender’s website and X account have been offline since Aug. 4.
- The breach involved a compromised admin wallet and bridge abuse, enabling the minting of unbacked tokens and draining of liquidity pools; stolen funds were bridged from Sonic to Ethereum.
- The incident adds to a grim 2025 for crypto investors, with $2.5 billion lost to hacks and scams in the first half of the year.
The team behind decentralized lender CrediX has vanished days after a $4.5 million exploit, leaving its X account inactive and website offline since Aug. 4, according to blockchain security firm CertiK.
The sudden disappearance has sparked fears of an exit scam, which is when developers abandon a project and investor funds without warning.
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The $4.5 million loss has been tied to a compromised admin wallet and abuse of bridge roles, which allowed an attacker to mint unbacked tokens and drain liquidity pools.
#CertiKInsight 🚨
— CertiK Alert (@CertiKAlert) August 8, 2025
Following the incident that resulted in a $4.4M loss, the @CrediX_fi team has disappeared.
X account is inactive, and the website hasn’t been brought back online since August 4. pic.twitter.com/ymWoupVaZL
The exploiter moved funds from Sonic to Ethereum, parking them across a handful of addresses. In the hours after the attack, CrediX promised to reimburse users within 24-48 hours and directed withdrawals through contracts, but the front end never returned and no recovery plan has been published.
The exploit and perceived exit scam marks another tough day for crypto investors in 2025, with the total amount lost to hacks and scams totaling $2.5 billion in the first half of this year.
