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Blockchain

CrediX Finance team vanishes after $4.5M DeFi exploit, Stability DAO steps in


The team behind the decentralized finance (DeFi) protocol CrediX Finance seems to have disappeared following a $4.5 million exploit that drained funds from the platform, raising suspicions of an exit scam.

On Monday, blockchain security firms flagged the exploit and determined that crypto assets worth $4.5 million had been taken from the platform. In response, the DeFi protocol paused its website to prevent users from depositing any more funds. 

Blockchain security firm SlowMist wrote that six days before the exploit, the attackers accessed the…



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