CrediX Finance went offline after a $4.5M exploit, with CertiK confirming funds bridged from Sonic to Ethereum and a promised recovery within 24-48 hours amid rising multi-sig wallet breaches.
CrediX Finance, a Sonic-based DeFi protocol active for less than a month, suffered a $4.5M exploit at 9:10 UTC on Monday. The breach forced the website offline to prevent deposits. Blockchain security firm CertiK confirmed that the stolen funds were bridged from Sonic to Ethereum and are now held in three separate wallets. CrediX assured investors on X that all funds will be recovered within 24-48 hours. Notably, multi-sig wallet breaches have surged in the first half of 2025, resulting in $3.1 billion in losses.