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Solana-based DeFi lender CrediX exploited; attacker granted admin access and drained liquidity pool
Explore key highlights within the NFT & Web3 area. This article dives into: “Solana-based DeFi lender CrediX exploited; attacker granted admin access and drained liquidity pool”.
Key Takeaways
- CrediX suffered an exploit after an attacker gained multisig admin and bridge controller roles, draining the protocol’s pool.
- The incident pressured CrediX to disable its web site.
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CrediX, a Solana-based decentralized finance (DeFi) platform that tokenizes non-public credit score, was exploited on Monday, in accordance with an announcement launched the identical day.
Credix appears to have had a safety breach. We are investigating and will share particulars quickly
— CrediX (@CrediX_fi) August 4, 2025
Blockchain safety agency SlowMist, which first flagged the incident, reported that CrediX was exploited after a malicious actor was added as each an Admin and a Bridge through the ACLManager six days earlier than the assault.
SlowMist TI Alert
MistEye detected that @CrediX_fi has been exploited.
The CrediX Multisig Wallet, 6 days in the past, added an attacker as each Admin and Bridge through ACLManager.
This enabled the attacker, appearing within the Bridge function, to straight mint… pic.twitter.com/jJjYR1eyET
— SlowMist (@SlowMist_Team) August 4, 2025
The permissions change enabled the attacker to imagine the Bridge function and mint collateral tokens straight from the lending pool. Using these illegitimately minted tokens, the attacker borrowed a considerable amount of property, successfully draining the protocol’s liquidity.
CrediX introduced that an investigation is ongoing and, as a precautionary measure, its web site has been quickly disabled to forestall any new person deposits.
The crew assured customers that each one funds are secure and can nonetheless be accessed straight by sensible contracts.
According to the assertion, full restoration of person funds is predicted inside 24 to 48 hours.
All customers funds can be recovered in full inside 24-48 hours
— CrediX (@CrediX_fi) August 4, 2025
CrediX beforehand secured $60 million in credit score financing to help small and medium-sized enterprises (SMEs) in Latin America by precedence debt financing, collaborating with a US different funding administration agency with a $3 billion portfolio.
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