X100 was exploited after its governance was taken over, with the attacker converting treasury tokens and liquidity positions into USDT through two transactions. The haul totaled 4.85 million USDT, according to TheDefiant. Blockaid said the attack on Ethereum was still ongoing at the time of the report. The incident centers on a governance compromise that allowed the attacker to move project-held assets and unwind liquidity exposure into stablecoins. No additional details on the affected treasury assets, counterparties, or remediation steps were provided in the source material.
X100 was exploited after a governance takeover, and the attacker converted treasury tokens and liquidity positions into USDT in two transactions, netting 4.85 million USDT.
According to TheDefiant, security firm Blockaid warned that the attack on Ethereum was still ongoing at the time of publication.
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