The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Decentralized finance protocol CrediX suffered a $4.5 million exploit, with funds bridged to Ethereum. The platform has promised full recovery within two days, but concerns linger over security vulnerabilities.
- Attacker exploited an admin account to mint unbacked stablecoins and withdraw collateral.
- Funds were bridged from Sonic (a Fantom rebrand) to Ethereum, with recovery promised in 48 hours.
- CrediX had advertised ultra-high yields (10,000% APY), drawing regulatory scrutiny parallels.
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Other Tags: Celsius Network, Compound, Fantom, Sonic, CertiK, Gary Gensler, PeckShield, S, DeFi, DeFiLlama, SlowMist