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DeFi Protocol CrediX Plunges Into Crisis: $4.5M Exploit Forces Emergency Shutdown
DeFi Protocol CrediX Plunges Into Crisis: $4.5M Exploit Forces Emergency Shutdown
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Another day, another DeFi bloodbath—CrediX joins the hall of shame after attackers siphon $4.5M, forcing an abrupt shutdown.
How it happened: The exploit unfolded like a textbook DeFi heist, with hackers exploiting a vulnerability (details still murky) to drain funds in seconds. Protocol devs pulled the plug—but far too late.
The fallout: CrediX joins the growing graveyard of 2025’s exploited protocols. Meanwhile, VC-backed ‘security audits’ prove yet again they’re about as reliable as a meme coin’s whitepaper.
Silver lining? At least this wasn’t a nine-figure hack—small mercies in the wild west of decentralized finance.
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