CrediX Finance Team Vanishes After $4.5M Hack, Exit Scam Suspected
Main Idea
The CrediX Finance team has disappeared following a $4.5 million hack, with suspicions of an exit scam, leading to legal actions and community backlash.
Key Points
1. CrediX Finance's team vanished after a $4.5 million exploit, with their X account inactive and website offline since August 4, 2025.
2. Blockchain security firm CertiK reported the exploit, and the project's Telegram channel has also disappeared without explanation.
3. Affected users are pursuing legal action, with Stability DAO collaborating with legal and cybercrime authorities to trace funds and gather evidence.
4. The hack indirectly impacted Trevee, a multi-chain yield-bearing protocol, through a $1.6 million loan exposure.
5. Community members criticized the high APR promises of CrediX, with some funds reportedly sent to Tornado Cash.
Description
The team behind decentralized finance (DeFi) protocol CrediX Finance appears to have vanished following a $4.5 million exploit that drained funds from the platform, sparking widespread suspicions of an exit scam. In an August 8 alert, blockchain security firm CertiK reported that CrediX Finance’s official X account went silent, while its website has remained offline since Monday, when the exploit first occurred. Following the $4.4M exploit of @CrediX_fi , users were told a deal had been struck w...
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