CrediX Finance Don Disappear After $4.5M DeFi Hack
CrediX Finance face one $4.5 million DeFi exploit for August 4, as attackers take control of dia multisig admin and bridge wallets, mint tokens as collateral, and drain liquidity pools. The protocol pause deposits and announce negotiation wit di exploiter, promise reimbursements within 24–48 hours. But for August 5, CrediX Finance go dark after security firms CertiK and SlowMist flag say e fit be exit scam: dia website, X account and Telegram channel dem delete. Affected partners—dem like Euler (EUL), Sonic Labs, Beets (BEETS) and Trevee—de pursue legal action. Stability DAO trace stolen funds, access KYC data for two team members and dey prepare lawsuits. Trevee also disclose say dem get exposure of $1.6 million scUSD loan to Stability’s metaUSD. Law enforcement and cybercrime units don join body. Traders suppose dey monitor recovery efforts, exit-scam investigations and make thorough due diligence before dem invest for unaudited DeFi projects.
Bearish
CrediX Finance sudden disappearance plus suspected exit scam don make investors no get confidence for dia token again, e fit cause sell-offs and price go down. For short time, panic selling fit increase as traders lose trust and comot their positions. For long run, dis incident show say unaudited DeFi protocols get security risks, make investors prefer better platforms wey get good reputation. History for DeFi exploit show say similar hacks dey cause long time bearish feeling and less liquidity for affected tokens.