Sonic-based decentralized finance (DeFi) protocol CrediX Finance was taken offline after being struck by a $4.5 million exploit.
The protocol, which has been reside for lower than a month, revealed there was a “safety breach” at 9:10 UTC on Monday. The web site was taken offline to stop customers from depositing.
Blockchain safety agency CertiK mentioned all of the stolen funds have been bridged from Sonic to Ethereum and now sit in three separate wallets.
The tactic of assault stays is unclear nevertheless it’s value noting that multi-sig pockets breaches grew to become the most typical assault vector within the first half of 2025, contributing to a complete of $3.1 billion misplaced to hacks throughout that interval.
“All customers funds shall be recovered in full inside 24-48 hours,” CrediX wrote on X to quell the considerations of traders who have been unable to entry the web site.
