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Oct 24, 2026

X100 exploit nets $4.85 million USDT after governance takeover

Two transactions converted X100 treasury tokens and liquidity positions into USDT following a governance attack. The proceeds were later split into four 400-ETH wallets, with one exploiter swapping 4.75 million USDT into ether.

Oct 24, 2026·2 sources

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Top claims

▪Blockchain security firm Blockaid reported that malicious activity targeting the X100 protocol continued following the initial treasury drain on October 24, 2026
▪After swapping USDT into ether, the X100 attacker in the October 24, 2026 governance takeover initiated wallet transfers to disperse the stolen funds across multiple Ethereum addresses
▪The conversion of stolen USDT into ether following the X100 exploit was carried out shortly after the X100 protocol treasury tokens were drained on October 24, 2026

Subtopics

Crypto hacks1 Crypto security1 DAOs & governance1 DeFi1 DeFi exploits1 Ethereum1

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