PeckShield: Credix suffered an attack, with losses of approximately $4.5 million

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According to ChainCatcher, as monitored by Paidun, CrediX suffered a security vulnerability attack today, with hackers carrying out the attack by misusing an administrator account with multiple management permissions. This account possessed permissions such as: POOL_ADMIN (fund pool administrator), BRIDGE (cross-chain bridge permissions), ASSET_LISTING_ADMIN (asset listing administrator), EMERGENCY_ADMIN (emergency administrator), RISK_ADMIN (risk control administrator).

The attacker utilized the BRIDGE permissions to steal or borrow assets from the fund pool, with estimated losses of around $4.5 million. This also included the minting of forged (without real asset backing) acUSDC tokens (Credix Market Sonic USDC).

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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