Security firm: X100 under sustained attack, attackers have drained about 4.85 million USDT

October 24: According to monitoring by security firm Blockaid, X100 on Ethereum has been attacked. As of its 22:49 alert, the attack was still ongoing, and two transactions had already drained about 4.85 million USDT.

Blockaid said one attacker seized two of the project's three "Senate" (governance seats) and sold 400,000 X tokens from the vault into an empty pool they created themselves. Another attacker then destroyed the Uniswap V3 liquidity position held by the "Freezer" contract. Blockaid has published the relevant attack addresses and sample transactions.