tl;dr
CrediX users are concerned after a $4.5 million hack last week, suspecting a rug pull as the company shut down its website and social media despite promising reimbursements. About $400,000 of the stolen funds moved through Tornado Cash, with most remaining in monitored private wallets. Some non-cust...
CrediX users are raising alarms after a $4.5 million hack last week, suspecting it might be a rug pull rather than a mere security breach. Although the company initially vowed to reimburse customers within 24-48 hours, it abruptly shut down its website and social media, intensifying doubts about its intentions.
The stolen funds show suspicious movement, with roughly $400,000 transferred via the privacy-focused service Tornado Cash, though it’s unclear if CrediX was directly involved in the fraud. Most of the loot remains in private wallets currently under close monitoring.
Adding to the complexity, certain non-custodial platforms continue to offer CrediX pool tokens without warning users of the potential risks. While some, like Trevee, have issued cautions, others such as Silo Labs and Stability DAO behave as if nothing is amiss, which could expose traders to significant financial losses.
This episode underscores ongoing challenges in decentralized finance (DeFi), where exit scams and hacking incidents are increasingly common. Although hard evidence proving CrediX's intent to commit fraud is lacking, the company’s silence and failure to fulfill its reimbursement promise fuel credible suspicions, urging investors to proceed with extreme caution.