The post CrediX Exploited After Attacker Gains Admin Rights appeared first on Coinpedia Fintech News
DeFi platform CrediX has suffered a major exploit after a hacker was added as a multisig admin and bridge controller six days ago. The attacker used their access to mint collateral and borrow large amounts, draining the project’s liquidity pool. In response, CrediX disabled its website to prevent any new deposits. This comes after CrediX had secured a $60 million credit line in 2023, highlighting the risks still facing DeFi protocols today.