CrediX Team Disappears Following $4.5 Million Hack

Developers of the DeFi protocol CrediX, based on Sonic, have executed an exit scam, according to experts at CertiK.

#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

On August 4, the CrediX platform suffered a hacker attack. The perpetrator gained control over the project’s wallet, created unbacked tokens, and withdrew funds from liquidity pools.

The hacker transferred the stolen cryptocurrency from Sonic to Ethereum and distributed it across several addresses. According to Blockscope, the cybercriminal laundered part of the stolen funds through Tornado Cash.

Following the $4.4M exploit of @CrediX_fi, users were told a deal had been struck with the attacker and funds would be returned within 24–48 hours.

But now it seems the team has vanished.

🔇 The X account is inactive
🕸️ Website has been offline since Aug 4

But our Watchtower… pic.twitter.com/71jwscWPXq

— Blockscope (@BlockscopeCo) August 8, 2025

In the initial hours following the breach, the protocol team promised to compensate losses within 24-48 hours. Developers claimed they had reached an agreement with the hacker, who had agreed to return the stolen funds.

To prevent further losses, Credix disabled the website, but it has not resumed operations since. The project’s social media accounts have been deleted.

The platform emerged in July 2025, offering users returns of up to 10,000%. The project purportedly connected investors with fintech companies in developing countries.

Earlier, researchers at Global Ledger identified the speed of fund withdrawal following hacks as a major issue in the crypto industry. Analysts noted that in the first half of the year, hackers stole over $3.01 billion in 119 incidents.