In a shocking turn of events, decentralized lending platform CrediX appears to have vanished, leaving users and investors in a state of uncertainty. The latest development follows the $4.5M security breach the platform suffered a few days ago.
According to blockchain security firm CertiK, the project’s website and X account have been offline since August 4, raising doubts and speculation about the team’s intentions, including possible exit scam allegations.
#CertiKInsight 🚨
Following the incident that resulted in a $4.4M loss, the @CrediX_fi team has disappeared.
X account is inactive, and the website hasn’t been brought back online since August 4. pic.twitter.com/ymWoupVaZL
— CertiK Alert (@CertiKAlert) August 8, 2025
CrediX’s recent silence and account deletions are leading people to suspect that the team has suddenly shut down the project and made away with investor funds, especially after the hack incident.
CrediX Suffers $4.5M Hack
On August 4, CrediX confirmed that it lost about $4.5 million due to a security breach. According to reports from blockchain analysts like PeckShield, the attacker breached and gained control of an admin wallet.
The attacker exploited BRIDGE roles to mint unbacked acUSDC (Sonic USDC) tokens, subsequently drained the pool assets, and siphoned the stolen funds into multiple new wallets.
Following the attack, CrediX suspended the Deposit option on its website and assured users of a full recovery of their funds. The platform later claimed to have negotiated a deal with the hacker to return the stolen funds in exchange for an undisclosed payment from the project’s treasury, a move similar to Loopscale’s $5.7 million hack recovery agreement.
CrediX’s deal seems to have paid off, as the platform later confirmed the recovery of the stolen funds.
Users Face Potential Loss of Funds
In another X post that is no longer available, CrediX announced that affected users will get a refund of their funds within 24 to 48 hours via airdrop.
However, despite these assurances, the latest development points out that the DeFi protocol’s team might have disappeared, leaving users in the dark about the status of their refunds.
The disappearance of the CrediX team has left the crypto community, especially X users under CertiK’s post, questioning the project’s intentions, future, and the safety of user assets.
With the website and social media accounts no longer in existence, it remains unclear whether the project will resume operations or if users will recover their lost funds.
