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Crypto Heist Alert: Hacker Drains $4.5M from Credix via Phantom Stablecoins
Crypto Heist Alert: Hacker Drains $4.5M from Credix via Phantom Stablecoins
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DeFi's latest exploit proves even 'stable' coins can have unstable morals.
The breach: An attacker exploited Credix's protocol, minting unbacked stablecoins to siphon off millions—all while the platform's guards were asleep at the wheel.
The irony: Another day, another 'trustless' system getting schooled in trust issues. Who needs bank robbers when you've got smart contracts with dumb flaws?
The kicker: $4.5 million vanishes, and the only thing truly decentralized here is accountability. Cue the usual chorus of 'we're investigating' and 'funds are safu.'
Pro tip for protocols: Maybe audit *before* the money printer goes brrr in reverse.
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