🚨 $4.85 MILLION GONE — AND THE SMART CONTRACTS WORKED EXACTLY AS DESIGNED!
🕵️♂️ On October 24, attackers exploited X100’s governance system using flash loans to seize 2 of 3 Senate seats.
💰 They forced the treasury to sell 400,000 X tokens for just $35.68, ultimately extracting approximately $4.85M USDT from trading liquidity.
⚠️ The vulnerability? Temporary voting power, immediate execution, and inadequate safeguards.
Crypto Sleuth Takeaway: An attacker doesn’t need to break the code when they can control the decisions.
Security First. Hype Doesn’t Last. 🕵️♂️💯
#CryptoSecurity #DeFi #FlashLoan #CryptoSleuth
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