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DeFi project CrediX suffered a $4.5M exploit on August 4 and is now suspected of an exit scam, with its website shut down and social media inactive. The attacker used admin access to mint unbacked tokens and drain funds. CertiK says some assets were bridged to Ethereum. https://t.co/KYars6ClVb
Decentralized lender CrediX's team has apparently vanished days after a $4.5 million exploit, leaving its X account inactive and website offline since Aug. 4, according to @CertiK. By @OKnightCrypto. https://trib.al/6YDwtKU
CrediX team vanishes after $4.5 million exploit, deletes socials and takes website offline https://www.theblock.co/post/366159/credix-team-vanishes-after-4-5-million-exploit-deletes-socials-and-takes-website-offline?utm_source=twitter&utm_medium=social
🚨 BREAKING: $4.5M EXPLOIT ALERT 🚨 Thread 1/4 @CrediX_fi on #Sonic lost ~$4.5M after their multi-sig account was compromised and a malicious admin (0xF32168) was added to the ACL Manager contract. The attacker exploited admin privileges to drain funds, which have already been bridged to #Ethereum. ❌ Multi-sig compromised ❌ Malicious admin added ❌ Funds bridged to #Ethereum This is why multi-sig security matters 👇 🧵Thread below with full breakdown + how to protect yourself #DeFiSecurity #CryptoSecurity Quote [@CrediX_fi](https://www.twitter.com/CrediX_fi/status/1952296077308428311) > Credix seems to have had a security breach. We are investigating and will share details soon
Today's @CrediX_fi hack is due to compromised admin account 0xF321683831Be16eeD74dfA58b02a37483cEC662e, which has a number of roles, including POOL_ADMIN, BRIDGE, ASSET_LISTING_ADMIN, EMERGENCY_ADMIN, and RISK_ADMIN. And the BRIDGE role is abused to drain/borrow pool assets… https://t.co/0jmAuvtcJv Quote [@CrediX_fi](https://www.twitter.com/CrediX_fi/status/1952296077308428311) > Credix seems to have had a security breach. We are investigating and will share details soon
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