Cryptocurrency platform CrediX announced the recovery of $4.5 million in stolen assets through a private settlement negotiated directly with the exploiter, pledging full refunds to affected users within 48 hours.
The breach involved compromised access to a Cash-funded wallet as identified by blockchain security firm Cyvers. This incident occurred amid escalating crypto exploits, with industry data from CertiK revealing $2.47 billion stolen in the first half of the year and $800 million lost during Q2 alone.
Security firms SlowMist and Cyvers continue to play pivotal roles in tracing attacker activities to facilitate recoveries. The CrediX resolution aligns with a broader trend of partial or full asset restitution, including previous settlements like the $40 million GMX exploit recovery and a separate $71 million case earlier this year.