CrediX Hack: Alarming $4.5M Loss Forces X Account Deletion

Key Points

1. Blockchain security firm PeckShield alerted the public about the CrediX hack, which led to a $4.5 million loss.

2. CrediX deactivated its official X account (@CrediX_fi) following the security breach.

3. Common crypto security breaches include protocol-level exploits, oracle manipulations, and rug pulls.

4. Users can protect themselves by researching protocols, using strong passwords with 2FA, and being wary of phishing.

5. The incident highlights ongoing concerns about security in the DeFi ecosystem.