CrediX Finance, a decentralized finance platform once promising high returns, has gone offline following a $4.5 million breach — and its silence is raising alarms across the crypto community.
Blockchain security analysts revealed that attackers gained control of key administrative wallets nearly a week before the incident. Using this access, they minted assets, posted them as collateral, and drained the protocol’s liquidity.
The exploit prompted CrediX to suspend its platform, but what happened next deepened the crisis — all official communication channels, including its website, social media, and Telegram, were taken down.
Just before disappearing, CrediX had claimed it struck a deal with the hacker to return the stolen funds within 48 hours in exchange for a payout, promising full reimbursement to affected users. No evidence of that repayment has surfaced.
In response, Stability DAO and several impacted projects, including Sonic Labs and Trevee, have launched a joint investigation. The DAO says it has identity verification records for two CrediX team members, which will be handed to authorities. Trevee, which suffered indirect losses, has since cut its exposure and paused certain token operations.
For now, the sudden disappearance of both the funds and the development team has left investors bracing for the possibility that this was less a rescue operation — and more an elaborate rug pull.
