The team behind the decentralized funding protocol (DEFI) Credix Finance seems to have disappeared following an $ 4.5 million feat which has drained funds from the platform, raising suspicions of an exit scam.
On Monday, blockchain security companies reported the feat and determined that cryptographic assets worth $ 4.5 million had been taken from the platform. In response, the DEFI protocol interrupted its website to prevent users from depositing other funds.
The Safety Safety Society Slowmist wrote that six days before the feat, the attackers reached the multisig administrator and the protocol bridge wallets. Access was used for mint crypto which was used as a guarantee to drain the liquidity pools of the DEFI protocol.
Friday, the official X account of the platform has become dark. His website has remained offline since Monday, when the feat happened. The company’s official telegram account also disappeared, without any other ad.
The DEFI protocol disappears after promising reimbursements
In a post X now inaccessible, Credix Finance said on Tuesday that he had convinced the operator to return the funds in the next two days in return of money paid by the protocol treasury.
The company said that it would fully reimburse its users for lost hacking funds via an air card.
“As much successful parley with the exploitation which agreed to return the funds in the next 24 to 48 hours in exchange for money entirely paid by the Credix Treasury,” said Credix.
However, since then, the company has become silent, removing all its official platforms.
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Dao stability to appoint two members of Credix Finance
The stability of the decentralized autonomous organization has announced to its users that it was preparing an official legal relationship. According to the Dao stability team, he contacted affected teams, notably Sonic Labs, Euler, Beet and Trevee (protocol previously ring).
They will work with the authorities, hoping to recover the lost funds. “Our teams collaborate to bring together all the evidence, trace funds and coordinate with the relevant legal and cybercriminal units,” wrote the Dao stability team.
The DAO said that it will share a complete incident report with the community, describing what had happened and what measures have been taken. The DAO also said it had obtained CREDIX KYC for two of their team members and that they would be added to the legal report.
Trevee said that the hack had indirectly affected it by its Scusd loan of $ 1.6 million to Metausd in Stability, which was fully exposed to Credix after a bank race.
The team said it reduced their exhibition to more than $ 700,000. In response, the protocol interrupted the shot of its active Stkscusd and has set a new support price.
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