X100 stablecoin exploit drains $4.7M after attackers seize protocol votes

Attackers took control of protocol voting before draining approximately $4.7 million in stablecoins in the X100 stablecoin exploit, Chainalysis reported. By capturing Senate seats, they secured a majority that allowed them to manipulate treasury assets and direct them into a pool they controlled. Key takeaways The X100 attack used governance control to reach treasury assets. […]