Ethereum-Bridged Assets Highlight Security Risks in DeFi Following CrediX Exploit

On August 12, 2025, CrediX, a minor lending protocol operating on the Sonic chain, experienced a significant security breach resulting in a $200,000 liquidity loss. The exploit, involving a $2.64 million flash loan attack, underscores the persistent vulnerabilities in decentralized finance (DeFi) ecosystems. The attacker's wallet was initially funded via Tornado Cash, a privacy-focused ethereum mixer, with the stolen assets subsequently bridged to Ethereum. This method bears resemblance to tactics previously associated with DPRK-linked cyberattacks, raising concerns about the sophistication and origins of such exploits. On-chain investigators from Cyvers Alerts detected the unauthorized withdrawals in real-time, highlighting the critical role of blockchain analytics in mitigating threats. The incident serves as a stark reminder of the risks inherent in DeFi platforms, particularly those with smaller liquidity pools. As the industry continues to evolve, robust security measures and real-time monitoring will be paramount in safeguarding user assets and maintaining trust in decentralized financial systems. The bridging of stolen funds to Ethereum further emphasizes the network's role as a hub for both legitimate and illicit crypto activities, necessitating enhanced scrutiny and collaboration across chains.

CrediX Loses $200K in Liquidity Following $2.64M Flash Loan Exploit on Sonic Chain

CrediX, a minor lending protocol on the Sonic chain, suffered a $200,000 liquidity loss after an attacker executed a $2.64 million flash loan exploit. The hacker's wallet was initially funded via Tornado Cash, with the stolen assets later bridged to Ethereum—a tactic reminiscent of past DPRK-linked attacks.

On-chain investigators from Cyvers Alerts intercepted the unauthorized withdrawals in real-time, prompting CrediX to temporarily disable deposits and take its website offline. While the Sonic blockchain itself remains secure, the lending protocol has yet to disclose the exact vulnerability exploited in the attack.

The incident highlights persistent security risks in DeFi, particularly around flash loan mechanisms and cross-chain asset bridging. Market observers note Ethereum's continued role as a liquidity hub for exploited funds, despite ongoing improvements in layer-2 security.

Liquid Staking Protocol Lido Cuts 15% of Staff to Boost Long-Term Sustainability

Ethereum-based liquid staking giant Lido has reduced its workforce by 15%, a strategic move co-founder Vasiliy Shapovalov attributes to preserving the project's long-term viability. The layoffs span Lido Labs, Lido Ecosystem, and Lido Alliance, emphasizing cost control over performance concerns. Shapovalov framed the decision as a deliberate pivot toward sustainable growth, even as crypto markets rally.

Lido maintains its dominance in liquid staking with $31 billion in total value locked (TVL) and recently introduced customizable staking strategies through its v3 upgrade. The protocol's innovative approach eliminates the traditional trade-off between earning staking rewards and maintaining liquidity for ETH holders. A recent oracle key breach was swiftly contained, demonstrating the protocol's resilience.

Ethereum Price Analysis: Is ETH Gearing Up for a $4K Breakout?

Ethereum's recent pullback from the $4,000 resistance level has not dampened bullish sentiment. On-chain data and technical indicators suggest potential for another upward surge. The daily chart reveals a structurally bullish trend, with ETH retesting the $3,500 support zone after breaking through key resistance levels.

Momentum remains favorable as long as ETH holds above $3,500, with the 100-day moving average crossing above the 200-day average—a classic golden cross signal. The RSI cooling to 56 leaves room for further gains. A reclaim of $3,700 could pave the way for a retest of $4,100, potentially propelling ETH toward $4,400-$4,500.

Bitmine Claims World’s Largest Ethereum Treasury With $2.9 Billion ETH Milestone

Bitmine has surged ahead in the institutional Ethereum race, amassing 833,137 ETH tokens—worth $2.9 billion—in just 35 days. The firm now holds the largest corporate Ethereum treasury, outpacing competitors through aggressive accumulation and strategic custody partnerships.

The company aims to control 5% of ETH’s total supply, a target it calls the 'alchemy of 5%.' Its rapid-fire acquisitions have boosted crypto NAV per share while maintaining high stock liquidity, setting a new benchmark for crypto asset management.

Bitmine plans to leverage staking yields and long-term ETH appreciation to reinforce dominance. Yet questions linger—no government-verified filings for these reserves have surfaced in major regulatory databases.

Ethereum Holds Steady Near $3,500 Amid ETF Inflows and Market Uncertainty

Ethereum (ETH) stabilized around $3,500 after a 10% weekly decline, as spot ETF inflows of $154.32 million signaled institutional resilience despite broader market jitters. Risk-off sentiment intensified following the Federal Reserve's hawkish pause and Trump's trade policy shifts, triggering a crypto market pullback.

The Fed's decision to maintain rates at 4.25%-4.50% without clear signals of a September cut exacerbated market anxiety. Concurrently, new U.S. tariffs introduced geopolitical uncertainty, further pressuring risk assets. CryptoQuant data reveals ETH's price sensitivity to macroeconomic headwinds, though ETF flows suggest long-term conviction remains intact.

BitMine Surpasses SharpLink as Top Ethereum Holder with $2.9B Treasury

Las Vegas-based BitMine has seized the top spot in Ethereum holdings with a staggering 833,137 ETH, valued at over $2.9 billion. The company's rapid accumulation, executed between June 30 and July 8, marks the fastest zero-to-leaderboard climb in crypto treasury history.

Tom Lee, BitMine's Chairman and Fundstrat veteran, attributes the feat to strategic speed: "We pursued the 'alchemy of 5%' of ETH with lightning execution." The treasury's average entry price of $3,491.86 per ETH positions BitMine as the world's third-largest crypto holder overall, trailing only Strategy and Mara Blockchain.

Market liquidity followed the milestone—BitMine's stock traded $1.6 billion daily volume recently, ranking 42nd among all U.S.-listed equities. The MOVE underscores institutional crypto strategies shifting from passive accumulation to aggressive position-building.