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Blockchain security firm CertiK says the lender’s website and X account have been offline since Aug. 4, after an attack drained millions.
Updated Aug 8, 2025, 12:46 p.m. Published Aug 8, 2025, 12:41 p.m.
The team behind decentralized lender CrediX has vanished days after a $4.5 million exploit, leaving its X account inactive and website offline since Aug. 4, according to blockchain security firm CertiK.
The sudden disappearance has sparked fears of an exit scam, which is when developers abandon a project and investor funds without warning.
The $4.5 million loss has been tied to a compromised admin wallet and abuse of bridge roles, which allowed an attacker to mint unbacked tokens and drain liquidity pools.
The exploiter moved funds from Sonic to Ethereum, parking them across a handful of addresses. In the hours after the attack, CrediX promised to reimburse users within 24-48 hours and directed withdrawals through contracts, but the front end never returned and no recovery plan has been published.
The exploit and perceived exit scam marks another tough day for crypto investors in 2025, with the total amount lost to hacks and scams totaling $2.5 billion in the first half of this year.
Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
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