CrediX has cryptically gone missing in action days after it suffered an exploit. A total of $4.5 million were drained from the decentralized finance protocol earlier this week. The platform, however, had claimed to have negotiated with the hacker(s) to recover the funds in exchange for a payout to the attacker from the company.
On Friday, August 8, PeckShield shared that CrediX (@CrediX_fi) has disappeared from X. The blockchain security firm posted a screenshot of the now defunct account that now displays the message, “This account doesn’t exist”. The development has raised scam suspicions among members of the crypto community.
#PeckShieldAlert https://t.co/rFp2AuF56a pic.twitter.com/g3KugMWLr2
— PeckShieldAlert (@PeckShieldAlert) August 8, 2025
Earlier, after it acknowledged having suffered a security breach, CrediX had told its users that it was deactivating its website for the time being in order to bring deposits to a halt.
On Friday, on-chain security platform CertiK noted that the official website of CrediX has also remained deactivated since August 4 with no update on reactivation as yet.
The company had promised to fully reimburse its users who lost funds in the attack after recovering the stolen funds from the hacker. It was supposed to rope-in the lost funds back between a timeframe of 12 to 48 hours — that now stands exhausted. It had neither clarified how exactly did the hack happen nor had it divulged any details on the hacker(s).
The mysterious disappearance of CrediX has opened floodgates of opinions on X, with some calling this a classic rug-pull/ exit scam or perhaps a DeFi collapse.
Its a matter of wait and watch for now to get more clarity on CrediX’s disappearance.