CrediX Hacked: Admin Rights Seized in Bold Exploit – Is Your Crypto Safe?

Another day, another DeFi breach—this time CrediX takes the hit as an attacker hijacks admin privileges. Who needs a bull market when hackers keep the adrenaline pumping?

How It Went Down

No fancy zero-days here. The attacker simply... got the keys. Now CrediX joins the hall of fame for projects that learned the hard way: decentralized doesn’t mean unhackable.

The Aftermath

Funds? Possibly drained. Trust? Definitely shaken. Meanwhile, traditional finance bros smirk—'See? We keep our admin rights in a vault.'

Wake-Up Call

If you’re still treating admin keys like Netflix passwords, expect a plot twist. Crypto’s future hinges on security, not just moon-shot promises.

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.