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CrediX Finance

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[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

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anchored·5KUU4h…kf3X

Summary

CrediX Finance was a DeFi lending protocol launched in July 2025 on the Sonic blockchain that suffered a $4.5 million exploit on August 4, 2025, less than one month after launch. The exploit involved a compromised or insider-controlled admin wallet that minted unbacked synthetic tokens to drain liquidity pools; the team subsequently vanished, deleted all official channels, and failed to honor public recovery promises, prompting widespread allegations of a premeditated exit scam. Note: CrediX Finance (Sonic, 2025) is a distinct entity from Credix Finance (Solana, founded 2021), which is a separate legitimate RWA protocol.

Connected Entities

2 entities
Organizations
□CrediX
Protocols
⌂CrediX Finance
Relationships
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    Timeline(8 events)

    July 2025

    CrediX Finance launches on the Sonic blockchain as a DeFi lending protocol, less than one month before the exploit.

    29 July 2025

    Attacker granted POOL_ADMIN_ROLE, BRIDGE_ROLE, ASSET_LISTING_ADMIN_ROLE, EMERGENCY_ADMIN_ROLE, and RISK_ADMIN_ROLE via the ACLManager contract by a CrediX admin EOA (0x0dd010513F7abB8F9c628dC164a24D953BCA09Cf). Transaction hash: 0x0cc3520951a2b41281dcc9a0d37ef3f7f139b75675d83ae72e3b8e903334f35e.

    4 August 2025

    Exploit executed at approximately 09:10 UTC. Attacker mints 2,500,000 unbacked acUSDC and 3,250,000 unbacked acscUSD, uses them as collateral to drain $4.5M in user funds. Protocol taken offline. Stolen assets bridged from Sonic to Ethereum via deBridge.

    4 August 2025

    CrediX Finance posts statement on X claiming 'All users funds will be recovered in full within 24-48 hours' and alleges a negotiated return deal with the exploiter.

    5 August 2025

    CertiK confirms stolen assets distributed across three Ethereum wallets. Approximately half (300 ETH) subsequently routed through Tornado Cash.

    8 August 2025

    CrediX Finance team goes completely dark. Website remains offline, X account deactivated, Telegram channel deleted, Discord shut down. No fund recovery occurs. CertiK publicly reports the disappearance.

    8 August 2025

    Stability DAO announces it is filing a formal legal report with cybercrime authorities, confirms KYC data for two CrediX team members has been obtained and will be submitted to law enforcement.

    9 August 2025

    Multiple affected protocols — Sonic Labs, Euler, Beets, Trevee — join Stability DAO's coordinated legal and recovery effort. Trevee reduces its CrediX exposure from $1.6M to approximately $700K.

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain17 Wayback Archivessrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (1 event). 17 of 17 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:19 AM

    last updated: 9/15/2026, 5:10:50 PM

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