CrediX Exploited After Attacker Gains Admin Rights
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BTCCSquare news:
DeFi platform CrediX has been compromised following a security breach where an attacker obtained multisig admin and bridge controller privileges six days prior. The hacker exploited these rights to mint collateral and borrow significant sums, effectively draining the project's liquidity pool.
CrediX has since taken its website offline to halt further deposits. The incident underscores persistent vulnerabilities in DeFi protocols, despite CrediX's $60 million credit line secured in 2023.
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