CrediX Team Vanishes After $4.5M Exploit in Suspected DeFi Exit Scam

The workforce behind decentralized lender CrediX has vanished days after a $4.5 million exploit, leaving its X account inactive and web site offline since Aug. 4, in response to blockchain safety agency CertiK.

The sudden disappearance has sparked fears of an exit rip-off, which is when builders abandon a challenge and investor funds with out warning.

The $4.5 million loss has been tied to a compromised admin pockets and abuse of bridge roles, which allowed an attacker to mint unbacked tokens and drain liquidity swimming pools.

The exploiter moved funds from Sonic to Ethereum, parking them throughout a handful of addresses. In the hours after the assault, CrediX promised to reimburse customers inside 24-48 hours and directed withdrawals by way of contracts, however the entrance finish by no means returned and no restoration plan has been revealed.

The exploit and perceived exit rip-off marks one other robust day for crypto traders in 2025, with the whole quantity misplaced to hacks and scams totaling $2.5 billion in the primary half of this 12 months.