CrediX’s recent $4.5 million exploit raises concerns of a rug pull, as the team has vanished, leaving users without recourse. Initially claiming reimbursement, they have since gone silent, with about $400,000 of stolen funds traced through Tornado Cash. Meanwhile, NFT platforms have surpassed DeFi in user activity; July saw NFTs reach 3.85 million daily active wallets and a trading volume surge to $530 million. However, NFT trading remains below 2021 highs, with year-on-year volumes down 19%. Despite a recovery, the market still lags behind its previous boom phases, indicating a significant shift in user engagement.
