CrediX May Recover $4.5 Million in Stolen Crypto Following Negotiated Settlement with Exploiter
Main Idea
CrediX recovered $4.5 million in stolen cryptocurrency through a private settlement with the exploiter, with plans to refund affected users within 48 hours, highlighting the ongoing challenges and dynamics of crypto security in 2025.
Key Points
1. CrediX negotiated a private settlement to recover $4.5 million in stolen cryptocurrency, promising to refund users within 48 hours.
2. The breach involved a Cash-funded wallet, identified by blockchain security firm Cyvers.
3. Cryptocurrency exploits surged to $2.47 billion in the first half of 2025, with $800 million lost in Q2 alone, according to CertiK.
4. Security firms like SlowMist and Cyvers play a critical role in analyzing and tracing attacker activity, aiding in recoveries.
5. Notable recoveries in 2025 include a $40 million GMX exploit and a $71 million case, showing a trend of partial or full asset returns.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! CrediX recovered $4.5
Latest News
- Shiba Inu Whale Outflows Surge 12,887% Amid Price Rejection and Market Uncertainty2025-08-05 10:45:23
- Bitcoin 1 BTC Milestone May Influence Retail Interest and Community Engagement, Experts Suggest2025-08-05 10:32:16
- Bitcoin Treasuries Add BTC Amid ETF Outflows, Suggesting Mixed Sentiment on Buying the Dip2025-08-05 10:30:15
- Welshman Launches Bitcoin Layer-2 Project Backed by Lost $923M BTC After Landfill Recovery Fails2025-08-05 10:29:55
- Phantom Explores Solana Meme Coin Market Expansion with Solsniper Acquisition2025-08-05 10:12:42