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Credix talks to crypto asset recovery after $ 4.5M hack


The Money Market Abstraction Infrastructure Protocol Credix has successfully agreed the return of properties stolen to a $ 4.5 million exploitation, with a promising sign for users looking to recover their cryptocurrency.

Credix suffered a security violation on Monday who saw more than $ 4.5 million worth of digital assets bridal on the Ethereum network of a tornado funded by cash funds, According to In blockchain security firm cyvers.

In a surprising development, Credix Says It came to a private negotiation with the attack, which was set to return the stolen property in exchange for an unspecified payment from the Credix treasury. “The successful Parley was reached with the exploitely agreed to return the funds within the next 24-48 hours in exchange for the money fully paid by the Credix Treasury,” Credix told X.

Protocol plans to urge funds obtained at the addresses of all affected users within the next 48 hours, it added.

Source: Cyvers

Cointelegraph reached Credix for further comment on the details of the negotiation and if the return qualified as a white hat.

Related: The White Hat ‘Seal’ team that protects from crypto hacks is over 900 investigations

Cryptocurrency hacks moved forward in 2025, but some attacks choose to return stolen properties in exchange for agreed or bounties. On July 11, another The exploiter has returned $ 40 million stolen from exploiting GMX in exchange for a $ 5 million white hat offered by the team.

In May 2024, another The thief returned $ 71 million stolen from a Wallet poisoning scamwhich gives pressure pressure from blockchain investigators worldwide.

The return of funds came shortly after the onchain security firm Slowmist Hong Kong-based IPs-based IPs are published, suggesting that the thief is concerned about the implications.

Related: Top 100 Defi Hacks: Offchain Attack Vectors provide 57% of losses

Crypto exploits more than $ 2.5 billion in 2025

Signing a growing need for better cybersecurity solutions, cryptocurrency hacks, exploitation and scam spiked to $ 2.47 billion in the first half of 2025with more than $ 800 million lost in full 144 Q2 incidents, a 52% drop from Q1, Certik Says in a report on June 30.

Source: Certik

Almost 80% of cryptocurrencies will never recover At the price after a hack or exploit, according to a report by Onchain Security Firm Immunefi. This lowering often causes more damage to projects than exploitation themselves.

However, hackers also target the traditional banking infrastructure. On July 5, the C&M software, the service provider that links Brazil’s central bank to local banks and other financial institutions, is That -hack for $ 140 million Throughout six connected institutions, cointelegraph reported.

The hack has occurred due to a C&M employee who allegedly sells his logging credentials to exploit the amount of $ 2,700, allowing them to access the banking system and its reserves accounts, local media outlets reported.

https://www.youtube.com/watch?v=ndv0rFehetq

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