CrediX recovers $4.5M in crypto after successful exploit negotiation

CrediX recovers $4.5M in crypto after successful exploit negotiation

The document details a security breach at CrediX, a money market abstraction infrastructure protocol, where over $4.5 million in digital assets were stolen and bridged to Ethereum by a Tornado Cash-funded wallet. Remarkably, CrediX negotiated a private settlement with the attacker, who agreed to return the funds within 24-48 hours in exchange for an undisclosed payment from CrediX’s treasury. The recovered funds will be airdropped to affected users within 48 hours. This incident aligns with a broader trend in 2025, where cryptocurrency hacks have surged, with $2.47 billion lost in the first half of the year, though some attackers are returning funds for bounties or settlements, as seen in other cases like the $40 million GMX exploit and a $71 million wallet poisoning scam. Additionally, traditional banking systems, like Brazil’s C&M Software, have also faced significant hacks, with $140 million stolen due to compromised employee credentials. Most cryptocurrencies (80%) never recover their price post-hack, amplifying the damage beyond the initial loss.