CryptoMedium•24 October 2026•
1 min read
X100 Protocol Exploit Results in 4.85 Million USDT Theft
Key Facts
1The X100 protocol suffered an exploit resulting in the theft of 4.85 million USDT.
2The attack was executed via a governance takeover of the protocol.
The X100 protocol suffered an exploit resulting in the theft of 4.85 million USDT. The Defiant reported that the attack was executed via a governance takeover of the protocol, which allowed the attackers to manipulate the platform's decision-making system.
The seizure of the governance mechanism enabled the attackers to authorize the drainage of funds directly from the protocol. This incident highlights critical security vulnerabilities in decentralized governance models, resulting in a significant loss of liquidity within the X100 ecosystem.