Lending Platform CrediX Loses $4.5 Million in Exploit
Main Idea
A DeFi lending newcomer suffered a $4.5 million attack due to compromised admin wallet roles, while 2025 has seen over $3 billion lost to hacks, with access-control exploits dominating.
Key Points
1. A DeFi lending protocol was attacked, losing $4.5 million due to a compromised admin wallet with multiple control roles (POOL_ADMIN, BRIDGE, ASSET_LISTING_ADMIN, etc.).
2. The attack involved acUSDC tokens, a wrapped version of USDC, and affected platforms like deBridge Finance, Fly (MagPie), and Shadow Exchange.
3. In the first half of 2025, over $3 billion was lost to hacks and exploits, surpassing the total losses of 2024 by $1 billion.
4. Access-control exploits accounted for 59% of the losses ($1.83 billion), while other vulnerabilities contributed around 8% ($263 million).
5. The $223 million Cetus exploit marked DeFi’s worst quarter since early 2023, with $300 million drained across all hacks.
Description
A newcomer to the DeFi lending space was targeted, and a weakness was exploited, resulting in the loss of millions. This is yet another addition to the already substantial amount of crypto losses for the current year. Another Day, Another Loss The on-chain security and data analytics company Peckshield stated earlier today on X that the money market aggregator CrediX suffered an attack, resulting in approximately $4.5 million in losses . The firm noted that an admin wallet account ending in “EC6...
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