Security· ★★★· bearish·

X100 exploit drains $4.85 million USDT after governance takeover

  • —Two transactions converted treasury tokens and liquidity into USDT
  • —Losses are estimated at $4.85 million
  • —Blockaid said the Ethereum attack was still in progress
Why it matters: The governance takeover highlights admin-key centralization risk and could weigh on trust in DeFi protocols.
#USDT
Source: The Defiant
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