The team behind the decentralized finance (Defi) protocol credix finance has disappeared after an $ 4.5 million exploitation, which has prepared funds from the platform, increasing the solutions to an execution scam.
On Monday, the blockchain security flagged off exploitation and separated from the platform that $ 4.5 million crypto assets were taken from the platform. In response, the DEFI protocol stopped its website to prevent users from depositing any more money.
The blockchain security firm Slimmist wrote that six days before the exposure, the attackers received the protocol multisiged admin and the bridge wallet. Access was used to mint crypto, which was used as collateral for drying the liquidity pool of the DEFI protocol.
On Friday, the official X account of the platform became dark. Its website is offline from Monday, when exploited. The company’s official telegram account has also disappeared, which has any announcements.
Defi protocol disappears
Now in an inaccessible X post, Credix Finance said on Tuesday that he had paid the exploiter for returns in returns to return the new in the next two days.
The company said that it would make its users full reimbursement for the money lost from hack through an aircraft.
“Arrived successful Parle with the exploiter, who agreed to return the next 24–48 hours, who are fully in return for the money paid by Credit,” Creditics.
However, since then, the company has become silent by removing all its official platforms.
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Stability DAO named two credits’
Decentralized autonomous organization stability DAO canceled its users that it was preparing a formal legal report. For the Stability DAO team, it included the affected Tems, including Sonic Labs, Euller, Beats and Trave (first Rings Protocol).
They will work closely with the authorities, expecting to recover lost money. “Our teams are collecting all the evidence, finding out money and cooperating to coordinate with relevant legal and cybercrime units,” the stability DAO team wrote.
The DAO said that it would share an entire incident report with the community, stating whether happiness and steps were being taken. DAO also said that it received Credix KYC for two members of his team and would be added to the legal report.
Trave said Hack indirectly affected it through its $ 1.6 million scusd loan, for the stability of its stability.
The team said it had performed over $ 700,000. In response, the protocol stopped the mining of its StkscusD asset and determined a new backing value.
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