The team behind the team’s decentralized financing (DEFI) protocol, Creditix Finance, which seems to have disappeared from the platform, has vanished concerns about a suspicious exit scam during the $4.5 million utilization.
On Monday, blockchain security firms marked the exploit and determined that $4.5 million in crypto assets were earned from the platform. In response, the Defi protocol suspended its website to prevent users from depositing more funds.
Blockchain security company Slowmist Write Six days before exploitation, the attacker accessed the Multisig administrator and Bridge wallet of the protocol. This access is used to mint cryptocurrencies that are used as collateral to repel the Defi protocol liquidity pool.
On Friday, the platform’s official X account Go Dark, its website has Stay behind Offline since the vulnerability occurred on August 4. The company’s official telegram account also disappeared without any further announcements.
Defi protocol disappears after promising reimbursement
In X posts that are now unreachable, Creditix Finance explain There is Tuesday Convince exploiters to return funds In exchange for the agreement, the Ministry of Finance paid the money.
The company said it will fully repay users’ money lost through airdrops.
“The successful Parley with the exploiters, who agreed to refund the funds within the next 24-48 hours in exchange for the full payment by the Creditix Treasury Department,” said Creditix.
However, since then, the company has remained silent, removing all its official platforms.
Related: Top 100 Defi Hacks: Off-chain attack vectors account for 57% of losses
Stability DAO named two members of Creditix Finance
Dispersed autonomous organization stability DAO Announce Prepare for its users to initiate a formal legal report. According to the Stability DAO team, it has contacted affected teams, including Sonic Labs, Euler, Beets and Trevee (formerly ring protocol).
The team will work with authorities to hope to recover the lost funds. “Our team is working together to collect all evidence, track funds and coordinate with relevant legal and cybercrime forces,” the Stability DAO team wrote.
DAO said it will share a complete incident report with the community outlining what is happening and what steps are being taken. DAO also said it obtained Creditix KYC for two of its team members and will be added to the legal report.
Trevee, previous ring agreement, explain The hacker indirectly affected it through its $1.6 million SCUSD loan, a meta-element of stability that the company had fully exposed to Creditix after bank operations.
The team said it has reduced its exposure to more than $700,000. In response, the agreement suspended the minting of its STKSCUSD assets and set a new background price.
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