CrediX, a platform that allows users to lend digital money without the involvement of middlemen, has successfully negotiated a deal with a hacker to recover $4.5 million in stolen cryptocurrency. This development is reassuring for users who lost their digital assets, as it means they will be able to get a refund.
CrediX was hacked on August 4, 2025. A hacker gained control of a CrediX administrator wallet with extensive permissions, including managing pools, bridging assets, and listing new assets. Using this wallet, the attacker created a malicious account with excessive privileges, including the critical BRIDGE role.
According to CrediX’s X post, the platform made a private deal with the hacker, who agreed to return the stolen money within 24–48 hours in exchange for an undisclosed payment from CrediX’s funds. Once the money is back, CrediX will share it with users who lost funds through an “airdrop” (a way of sending digital money directly to users’ wallets) within 48 hours.
The cryptocurrency industry faced a sharp rise in security breaches in July 2025. Hackers stole $142 million across 17 major incidents. The amount represents a 27.2% rise compared to June 2025, which indicates $111.6 million. The five exchanges that were majorly affected are CoinDCX, GMX, BigONE, WOOX and Bybit.
Also Read: Crypto Hacks Surge in July with $142 Million Stolen: PeckShield
