CrediX May Recover $4.5 Million in Stolen Crypto Following Negotiated Settlement with Exploiter

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.