CTK · 2026-10-28 09:29 UTC

X 100 Incident Analysis

X100 protocol experienced a governance attack on October 24, 2026 where an attacker borrowed 1.94 million USDT via flash loan to buy 38,200 X tokens and capture two of three Senate seats. The attacker used their majority to authorize a treasury exchange selling 131,703 X for 6.69 million USDT through controlled liquidity, netting approximately 4.75 million USDT after repaying the loan. The attack exploited a gap between the minimal stake required for governance control and the treasury value that control could access, with voting deposits remaining frozen throughout.

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