CrediX Negotiates Crypto Asset Recovery after $4.5M Hack
The infrastructure protocol for the abstraction of the credix money market has managed to negotiate the return of stolen assets in a feat of $ 4.5 million, in a promising sign for users who seek to recover their cryptocurrency.
CREDIX underwent a security violation on Monday which saw more than $ 4.5 million in digital assets written to the Ethereum network by a portfolio funded in tornado cash, according to the Blockchain Safety Company.
In a surprising development, Credix said that he had concluded private regulations with the attacker, who agreed to return the stolen assets in exchange for an undisclosed payment of the Credix Treasury. “As much successful parley with the exploitation which agreed to return the funds in the next 24 to 48 hours in exchange for money entirely paid by the Credix Treasury,” said Credix on X.
The protocol plans to browse the funds recovered from the addresses of all the users concerned in the next 48 hours, he added.
Cointtelegraph contacted Credix to have additional comments on the details of the negotiation and if the return qualifies as a generosity of the white hat.
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Cryptocurrency hacks increased in 2025, but some attackers choose to return stolen assets in exchange for regulations or negotiated premiums. On July 11, another operator rendered 40 million dollars stolen from the GMX feat in exchange for a white hat bonus of $ 5 million offered by the team.
In May 2024, another thief rendered $ 71 million stolen in a portfolio poisoning scam, giving up the mounting pressure of blockchain investigators worldwide.
The return of the funds came shortly after the security company of Onchain Slow Published an analysis on the potential IP of the striker in Hong Kong, suggesting that the thief was concerned about the implications.
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Crypto exploits exceeded $ 2.5 billion in 2025
Reporting a growing need for better cybersecurity solutions, cryptocurrency hacks, exploits and scams increased to $ 2.47 billion in the first half of 2025, with more than $ 800 million lost on 144 incidents in the second quarter, a decrease of 52% compared to the first quarter, said Certik in a report on June 30.
Almost 80% of cryptocurrencies never recover prices after piracy or a feat, according to a report by the ONCHAIN Immunefi security company. This devaluation often leads to more damage to projects than the feat itself.
However, pirates also target traditional banking infrastructure. On July 5, C&M Software, the service provider that connects Brazil central bank to local banks and other financial institutions, was hacked for $ 140 million in six connected institutions, Cointelegraph reported.
The hack occurred due to a C&M employee who sold his operator connection identification information for around $ 2,700, allowing them to access the banking system and reserve accounts, local media reported.
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