DeFi Platform Credix Hit by $4.5 Million Hack Using Fake Stablecoins
Main Idea
Credix, a DeFi platform, suffered a $4.5 million hack involving fake stablecoins, with users unable to access funds despite promises of recovery within 48 hours.
Key Points
1. Credix experienced a security breach on August 4, 2025, resulting in a loss of approximately $4.5 million due to fake stablecoins.
2. The platform promised full fund recovery within 24 to 48 hours, but users still couldn't access their funds by 11 AM the next day.
3. Blockchain security firm PeckShield identified that the attacker used fake stablecoins without backing to exploit the system.
4. The hack was linked to a suspicious transfer to the attacker’s wallet six days prior to the exploit.
5. Credix is known for providing access to multiple DeFi platforms, adding complexity to the security breach.
Description
A security breach at Credix , a decentralized finance (DeFi) platform, led to the loss of around $4.5 million on August 4.
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