CrediX Hack Sharwote $4.5M, Show DeFi Multisig Wahala

For August 4, 2025, di CrediX hack jaga $4.5 million comot from di new real-world asset lending protocol. Di bad guy don get admin plus bridge roles for di multisig wallet days before dat. Dem take advantage for governance weakness and private key leak, dem produce fake collateral tokens, borrow $2.64 million, comot all di liquidity pool. Since then, CrediX don take di platform comot offline. Security companies CertiK and SlowMist follow di money as e waka from Ethereum through Tornado Cash enter Sonic network. Dis kain breach push di 2025 DeFi loss pass $3.1 billion, with Bybit exploit wey reach $1.46 billion leading. Hacken warn say over 80% of di first half loss dey come from access control failure. Di company advise make una dey do real-time AI monitoring, make di signers train well and automate rule-based checks to secure multisig wallets. Traders suppose keep eye for further updates on protocol security and new AI threat detection tools. As traders dey check how di CrediX hack take affect things, dem suppose follow protocol updates and security patches.
Bearish
Di CrediX hack reduce trader confidence for DeFi protocols, e dey make dem sell quick quick for related assets. As security palava for multisig wallets and governance controls show, traders fit cut down how dem dey put money for similar projects and dem go demand higher risk premium. Market fit go shake well well as money dey flow comot from vulnerable protocols. For long term, dem go dey focus more on AI monitoring and strict access controls to bring back trust, but adoption fit slow as developers dey put upgrades for place. Overall, the hack immediate effect na bearish, e show say traders dey cautious well and capital fit comot.