Credix disappears after hacking: website and social networks offline


By Hannah Pérez

Credix lost USD $ 4.5 million in an alleged attack of piracy, but then disappeared suddenly, raising suspicions of a possible scam. Its X and website account are now inactive.

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  • Credix lost USD $ 4.5 million in an alleged piracy attack.
  • Although he promised a refund, his channels online have now disappeared.
  • Its X account was deactivated and its website is no longer available.
  • Users were empty hope of a possible recovery.

Credixa decentralized finance protocol (defi) based on the Blockchain of Sonichas disappeared after having suffered a Hacking for USD $ 4.5 million at the beginning of the monthwhat has generated suspicions of a “Exit Scam

Last week we reported on the piracy incident that caused the loss of millions in cryptocurrencies for Credix. The protocol suffered an exploitation on August 4 due to vulnerability in an administrative wallet and the abuse of bridge roles, allowing the attacker to coin tokens without support and drain the funds of the liquidity pools.

According to Slowmistthe attackers agreed to administrative and bridge multifirma wallets six days before the attack. Access was used to copetomoned that were used as a guarantee to empty protocol liquidity funds.

While after the incident the team of Credix He had promised to reimburse the affected users, since then his developers have become silent, erasing any online trace and raising the eyebrows of the cryptocurrency community.

Credix darkens after hacking

The researchers of Certik They noticed early on Friday than the X account of Credix It had become inactive and that its website had disconnected, throwing signals from fraud.

In one Exit Scam Or exit scam, the operators of a project suddenly leave and flee with the investors funds. It often occurs after a hacking or a “rug pol Rug”, in which people with privileged information empty the coffers or liquidity funds, close the website and applications, and eliminate or abandon social channels, ceaseing all communication.

The team of Credix sent his last message through Telegram On Wednesday, when he issued a security alert to the 1,600 members of the official protocol channel. That account of Telegram He has not published anything more since then.

Friends, we deeply regret informing you that our protocol has been stolen“, Said the message.”We are investigating the exploit and we will keep you informed about the next steps

They left the empty promise of a refund

That same day, Stability Daoanother protocol defined by Sonic that he was also affected, he said in X that he had received confirmation from the team of Credix that the stolen funds were recoverable.

On Thursday, a team member of Stability Dao informed users within their official server of Discord that Credix indeed “It has disappeared” and? Stability Dao is working to “submit a formal complaint before the authorities. ”

They also said that they have contacted other affected teams, including Sonic Labs, Euler, Beets and Treveefor work together with the authorities hoping to recover lost funds. “Our teams are collaborating to gather all the tests, track the funds and coordinate with the relevant legal and cybercrime units

Chain researchers who tracked the stolen funds of Credix They previously affirmed that the assets were transferred from Sonic to Ethereum and deposited in a small lot of addresses.

In the hours after attack, Credix He had claimed that he would reimburse users within 24 to 48 hours and ordered retired through contracts, however he did not publish any detailed recovery plan.

The incident is not isolated and highlights the latent risks of the protocols defi in a context of growing hackeos. Other output scams in defi are the cases of DF Fintoch by USD $ 32 million and Swamprum Dex by USD $ 3 million in 2023, as you remember The Block.


Article written with the help of AI, by Hannah Pérez / Diariobitcoin

Edited image of Unspash

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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