XRP is surging into the spotlight as institutional demand accelerates, with SBI positioning for gold-and-crypto ETF ambitions amid mounting speculation and growing anticipation for Japan’s regulatory approval. SBI Builds XRP Ecosystem Ahead of Japan’s Potential Approval for Crypto Asset ETFs Rising institutional interest in XRP, coupled with growing market speculation over potential exchange-traded funds (ETFs) […]

SBI Clarifies XRP ETF Status With Filing Timed For Regulatory Breakthrough

BlackRock hasn’t filed for a Solana ETF, but ETF analyst James Seyffart says 
they shouldn’t be allowed to jump in at the last minute after other issuers’ 
hard work.

BlackRock launching a SOL ETF in first wave would be 'messed up' — Analyst

The token, which took the meme of a guy having the time of his life in Ibiza, 
made popular as the Ibiza Final Boss, has risen over 1,600% since it was 
included on Coingecko, showing that while BTC and ETH dominate the headlines, 
memecoins are still a thing. Ibiza Final Boss Shows Memecoins Can Still […]

Ibiza Final Boss Shows Memecoin Market Is Still Alive

BlackRock&#8217;s cautious stance on expanding crypto ETFs beyond Bitcoin and 
Ethereum may slow broader market diversification and innovation.
The post BlackRock rules out XRP and SOL ETFs despite Ripple-SEC case closure 
appeared first on Crypto Briefing.

BlackRock rules out XRP and SOL ETFs despite Ripple-SEC case closure

The team behind the DeFi protocol CrediX is suspected of an exit scam 
following a recent $4.5 million security breach. The team has reportedly 
“vanished” from the project’s official channels despite promising refunds, 
leaving customers empty-handed. Related Reading: Ethereum Breakout Is 
‘Imminent’ Amid $3,850 Retest – Analyst Eyes $5,000 For This Quarter DeFi 
Protocol Suffers $4.5 Million Exploit On Friday, security firm CertiK reported 
that the DeFi lender CrediX’s team had disappeared following the platform’s 
recent exploit, leaving its website offline since the August 4 incident and 
suddenly deleting the official X account. For context, the Sonic-based DeFi 
lender suffered a security breach on Monday after a potential wallet 
compromise led to the theft of $4.5 million from the protocol’s liquidity 
pool. Blockchain security firm PeckShield explained that the alleged hack was 
due to a compromised admin account, which allowed the exploiter to abuse its 
BRIDGE role to mint unbacked acUSDC (Sonic USDC) tokens, borrow against them, 
and drain the pool, before bridging the assets from Sonic Network to Ethereum. 
Notably, SlowMist found that the CrediX multisig wallet added an attacker as 
an admin and bridge role via ACLManager six days before, which raised concerns 
among investors. The DeFi lender’s team acknowledged the incident on X, 
stating that they had disabled the website to prevent users from depositing. 
Later, the team informed its community that it had allegedly “reached 
successful parley with the exploiter, who agreed to return the funds within 
the next 24-48 hours.” According to the now-deleted post, posted on CrediX’s 
official Telegram account by a user, the attacker agreed to return the funds 
“in return for money fully paid by the credix treasury.” The team affirmed 
that they would airdrop the funds to the affected users’ addresses in “the 
respective timeframe.” CrediX Goes Dark The following day, the team addressed 
the exploit on Telegram, stating, “We are truly sorry for this devastating 
incident and the impact it may have on our community,” and affirmed that they 
would keep users updated on the next steps before disappearing and 
deactivating the official X account. On Thursday, the Sonic-based Stability 
DAO confirmed on its Discord server that CrediX had “gone dark and 
disappeared,” directly affecting the protocol’s users. The exploit affected 
Stability DAO’s Metavaults as the project had recently integrated with CrediX. 
In the message, the protocol announced that all the affected teams, including 
Sonic Labs, Euler, Beets, and Rines Protocol (Trevee), were in communication 
and actively working on “filing a formal legal report with the authorities in 
hopes of recovering lost funds.” Additionally, they have obtained information 
on two of the DeFi lender’s members, which would be added to the report 
alongside the rest of the evidence. “A full incident report will be shared 
with the community soon, outlining everything that happened and what steps are 
being taken,” the message vowed. Related Reading: Cardano (ADA) Targets $0.80 
As Price Retests Key Level – Is An 85% Jump Ahead? This incident follows the 
alarming trend that has been developing this year. As reported by NewsBTC, 
crypto theft has surged this year, reaching a total loss of $2.7 billion in 
the first half of 2025. By the end of June, more value had been stolen year- 
to-date (YTD) than during the same period in 2022, suggesting that theft from 
crypto services and DeFi projects could potentially hit $4.3 billion by year’s 
end. Featured Image from Unsplash.com, Chart from TradingView.com

Exit Scam? DeFi Protocol CrediX’s Team Vanishes Following $4.5 Million Exploit

This content is provided by a sponsor. PRESS RELEASE. Geneva, Switzerland – 
August 9th, 2025 – CoinDesk Data, the institutional research and analytics arm 
of CoinDesk, a leading media outlet in the cryptocurrency and blockchain 
industry, has published a comprehensive protocol report on TRON. The report 
offers a detailed analysis of TRON’s performance in the […]