Bybit Highlights: CrediX Recovers $4.5M in Stolen Crypto Through Strategic Negotiation

In a remarkable display of crisis management, CrediX, a decentralized lending platform, has successfully recovered $4.5 million in stolen cryptocurrency after a sophisticated hack on August 4, 2025. The attacker exploited an administrator wallet with elevated privileges, creating a malicious account to bridge and list assets. Through swift and strategic negotiation, CrediX reached a private agreement with the hacker, resulting in the return of the funds within 48 hours in exchange for an undisclosed payment. This incident underscores the importance of robust security measures and the potential for diplomatic resolutions in the crypto space. The recovery not only mitigates losses but also reinforces trust in decentralized platforms' ability to handle crises effectively. As the crypto industry continues to evolve, such cases highlight the need for innovative security protocols and collaborative approaches to safeguarding digital assets.

CrediX Recovers $4.5 Million in Stolen Crypto Through Hacker Negotiation

CrediX, a decentralized lending platform, has successfully negotiated the return of $4.5 million in stolen cryptocurrency following a hack on August 4, 2025. The attacker exploited an administrator wallet with elevated privileges, creating a malicious account to bridge and list assets. The platform reached a private agreement with the hacker, who returned the funds within 48 hours in exchange for an undisclosed payment.

The recovered assets will be distributed to affected users via an airdrop, marking a rare resolution in an industry grappling with escalating security breaches. July 2025 saw $142 million stolen across 17 major incidents—a 27.2% monthly increase—with exchanges including Bybit among the hardest hit.

Mantle Price Prediction: MNT Breaks $1, Can the Rally Sustain?

Mantle (MNT) has surged 24% in 24 hours, reclaiming the $1 threshold amid bullish infrastructure developments. The rally follows strategic ecosystem announcements, including Bybit CEO Ben Zhou's vision for Mantle Network 2.0 and PENDLE's resurgence in DeFi TVL rankings.

Market sentiment hinges on whether MNT can sustain momentum above psychological resistance at $1. The token's performance reflects broader Optimism around Layer 2 solutions, though technical indicators suggest potential profit-taking ahead.