Credix Hack Dren $4.5M via Unbacked Stablecoins
One recent Credix hack show say attacker exploit one weakness for DeFi platform stablecoin minting system, dem mint unbacked stablecoin come withdraw $4.5 million for real asset. Credix don stop deposits and dey work wit auditors plus law enforcement to investigate. No core protocol money lose, but dis mata show say unbacked stablecoin and DeFi security get wahala. Traders suppose dey watch how Credix go take respond plus market reaction, as hacks dey make wahala plus selling for related tokens like CDX.
Bearish
Dis Credix hack dey spoil faith for DeFi lending plus stablecoin issuance, e fit cause bad mind and sell pressure for related tokens like CDX short time. Historically, hacks don cause more wahala and price drop for affected projects. For long term, better security measures and protocol checks fit bring back confidence, but immediate market impact go be bearish.