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Regulation

X100 Exploit Converts Treasury Assets Into 4.85 Million USDT

Image: TokenPost

X100's Ethereum exploit converted treasury tokens and liquidity positions into 4.85 million USDT after a governance takeover, while a third transaction pulled 550,000 X from a Uniswap pool. The 4.85 million USDT total came from two transactions involving X100's treasury tokens and liquidity positions. A third transaction pulled 550,000 X from a Uniswap pool, adding pool liquidity to the assets moved in the incident. The figures are in separate tokens: USDT for the two conversions and X for the pool withdrawal. The Ethereum attack remained ongoing. That warning places the conversions within an active exploit and describes the incident at a point when activity had not stopped. The three transactions involved X100's treasury, liquidity positions and a Uniswap pool. The asset movements followed the governance takeover.

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