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DeFi Lending Platform CrediX Loses $4.5M in USDC-Dominated Exploit
DeFi Lending Platform CrediX Loses $4.5M in USDC-Dominated Exploit
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USDC News -
CrediX, a newcomer to the decentralized finance (DeFi) lending space, suffered a $4.5 million exploit due to a vulnerability in its admin wallet. The attacker Leveraged multiple protocol roles, including BRIDGE, to drain funds—primarily acUSDC, a wrapped version of USDC—through platforms like deBridge Finance and Shadow Exchange.
The breach marks another setback for the crypto industry in 2025, which has seen persistent security challenges. CrediX, which launched just last month, has pledged full reimbursement of user funds within 48 hours. The incident underscores the risks inherent in DeFi's permissionless innovation.
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