CrediX Team Vanishes as Stability DAO Preps ‘Legal Report’
Main Idea
CrediX's team has disappeared following a $4.5 million exploit, with Stability DAO preparing a legal report to recover lost funds.
Key Points
1. CrediX's team has been offline for four days after a $4.5 million hack on the Sonic-based protocol.
2. Stability DAO, another Sonic-powered DeFi protocol, was affected and is preparing a legal report to authorities.
3. The attacker bridged $4.5 million worth of crypto to Ethereum, with funds still spread across several wallets.
4. Stability DAO's Metavaults, offering up to 287% annual yield, were impacted by the exploit.
5. Some crypto analysts warn against trusting DeFi protocols with extremely high yields due to such incidents.
Description
The project is no longer present online.
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