WORLDTECHCybersecurity DEVELOPING
X100 Exploit Converts Treasury Assets Into USDT, Blockaid Warns of Ongoing Attack
AI illustrationAn exploit affecting the X100 project has turned its treasury tokens and liquidity positions into USDT, a dollar-pegged token issued by Tether, according to The Defiant. Blockaid warned that the Ethereum attack was ongoing.
Two transactions drove the conversion
According to The Defiant, two transactions were sufficient to move the project's treasury tokens and liquidity positions into USDT.
Blockaid's warning on the live attack
Blockaid said the attack on Ethereum was still in progress when it issued its warning. The reporting does not say whether the activity has since been stopped.
The account comes from a single outlet, The Defiant, and should be read as that outlet's reporting.
Open questions
- Has the attack on X100 stopped?