CrediX recovers $4.5M in crypto after successful exploit negotiation

CrediX recovered $4.5 million in stolen crypto after reaching a deal with the exploiter. Affected users will be refunded within 48 hours, the team said.

Money market abstraction infrastructure protocol CrediX has successfully negotiated the return of the assets stolen in a $4.5 million exploit, in a promising sign for users looking to recover their cryptocurrency.

CrediX suffered a security breach on Monday that saw over $4.5 million worth of digital assets bridged to the Ethereum network by a Tornado Cash-funded wallet, according to blockchain security firm Cyvers.

In a surprising development, CrediX said it reached a private settlement with the attacker, who agreed to return the stolen assets in exchange for an undisclosed payment from the CrediX treasury. “Reached successful parley with the exploiter who agreed to return the funds within the next 24-48 hours in return for money fully paid by the credix treasury,” CrediX said on X.

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