đ¨ DeFi Protocol CrediX Plunges Into Crisis: $4.5M Drain Forces Emergency Shutdown
Another day, another DeFi bloodbathâCrediX joins the hall of shame after attackers siphoned $4.5M in a single exploit. The protocolâs team yanked the emergency brake, taking the entire platform offline. No âgradual unwindâ hereâjust radio silence and a smoking hole where liquidity used to be.
Howâd they do it? Same old story: a smart contract flaw turned into a free withdrawal ticket. Whitehats are already dissecting the attack vector, but letâs be realâthis is why TradFi bros still mock DeFi as âunregulated casino code.â
CrediX vows to âmake users wholeâ (sound familiar?), but with $4.5M gone and confidence shattered, resurrection looks like a long shot. Pro tip: maybe audit *before* locking up nine figures next time?
