CrediX customers suspect a rug pull after struggling a $4.5 million hack final week. Regardless of promising to reimburse customers rapidly, the agency as an alternative shuttered its web site and social media profiles.
Round $400,000 of stolen cash moved onto Twister Money, however CrediX could not have been immediately complicit. Both means, a number of non-custodian platforms nonetheless provide their pool tokens with out warning their clients.
One other DeFi Exit Rip-off
In as we speak’s world of rampant fraud and record-breaking crypto hacks, there are many causes to train warning. Nonetheless, purported safety incidents should not at all times what they appear.
CrediX, a crypto-based non-public credit score platform, was allegedly hacked just lately, however the group is starting to suspect a rug pull.
Following the incident that resulted in a $4.4M loss, the @CrediX_fi staff has disappeared.
X account is inactive, and the web site hasn’t been introduced again on-line since August 4. pic.twitter.com/ymWoupVaZL
— CertiK Alert (@CertiKAlert) August 8, 2025
Particularly, an exploit occurred on August 4, apparently permitting hackers to steal $4.5 million from CrediX. The agency promised to return buyer funds inside 24-48 hours, however this by no means occurred.
As a substitute, CrediX’s web site and social media profiles went darkish, fueling hypothesis about an exit rip-off.
The place is the Cash Now?
A charitable studying might recommend that CrediX is merely attempting to clean its palms of a disaster with out being complicit in an precise rug pull.
Such an act could be an entire dereliction of its accountability to guard shoppers, nevertheless it doesn’t require energetic participation in fraud. Nonetheless, CrediX’s whole silence is making felony accusations appear extra possible.
Whoever the exploiter is, they’ve proven way more exercise than CrediX because the August 4 incident. Blockchain knowledge reveals the hacker moved near $400,000 of stolen funds utilizing Twister Money. A lot of the stolen cash remains to be in non-public wallets, that are underneath shut scrutiny.
Bizarrely, some non-custodian platforms proceed providing CrediX tokens regardless of the hack and obvious rug pull. Trevee printed a warning concerning the hack to its customers, however Silo Labs and Stability DAO are performing like every part is regular.
Merchants ought to train excessive warning or keep away from this altogether, or they may lose cash.
There isn’t a transparent smoking gun that CrediX intentionally rug pulled its clients, however there are credible suspicions. Contemplating the agency’s deliberate lie about consumer reimbursement, these rumors would possibly proceed rising.
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