WORLDTECHBitcoin & Crypto DEVELOPING
X100 Exploiter Swaps 4.75 Million USDT for Ether as Proceeds Are Parked
A report from The Defiant says the first exploiter of X100 converted about 4.75 million USDT, a dollar-pegged token issued by Tether, into ether. A separate distribution wallet kept a further 423 ETH.
Conversion and remaining holdings
According to The Defiant, the first person behind the exploit moved roughly 4.75 million USDT into ether. Alongside that trade, the distribution wallet still held 423 ETH, the outlet reports.
Open questions
- How the proceeds were ultimately divided among the four wallets?