CrediX Finance, a decentralized lending platform, has gone silent after losing around $4.5 million in a major hack.
The issue was first flagged on August 4 by CertiK, PeckShield, and SlowMist, who said that attackers had accessed key wallets tied to CrediX Finance.
Following the incident, CrediX took its website offline and stopped all deposits. On August 8, its X account had stopped posting, and its Telegram group had also disappeared.
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Before vanishing, the platform claimed it had reached a deal with the person behind the exploit. In a now-deleted post, CrediX said, “Reached successful parley with the exploiter who agreed to return the funds within the next 24-48 hours in return for money fully paid by the CrediX treasury”.
Meanwhile, Stability DAO, a decentralized group that was also affected, is working on a formal legal complaint. The DAO said it has been in touch with several other impacted teams, including Sonic Labs, Euler, Beets, and Trevee, to investigate what happened.
According to a statement, they are collecting evidence, tracking the stolen funds, and reaching out to the authorities.
Stability DAO also said it has access to identity documents for two members of the CrediX team, which will be included in the legal report.
On August 7, Koi Security reported that GreedyBear stole more than $1 million in cryptocurrency. How? Read the full story.
