The team behind decentralized lender Credix has disappeared days after the utilization of $ 4.5 million, leaving its X account inactive and site offline since August 4, according to Blockchain Security Firm Certique.
The sudden disappearance has given rise to fear of an exit scam, which is when developers give up a project and investor funds without warning.
Losses of $ 4.5 million have been tied to a compromised admin design book and abuse of brother roles, enabling an attacker to mint non -backed tokens and drained liquidity pools.
The exploitation moved funds from Sonic to Ethereum that parked them across a handful of addresses. In the hours following the attack, Credix promised to repay users within 24-48 hours and corrected withdrawals through contracts, but Frontend never returned and no recovery plan has been published.
The exploitation and the perceived exit fidus mark another hard day for cryptoinvestors in 2025, with the total amount lost for hacks and fraud totaling $ 2.5 billion in the first half of this year.
