Attack on an Ethereum-Based Altcoin Project: Millions of Dollars Stolen, Attack Continues

Blockchain security company Blockaid announced that the X100 project, operating on the Ethereum network, has suffered a serious cyberattack. It is reported that the attackers have so far seized approximately 4.85 million USDT and also removed hundreds of thousands of X tokens from the protocol. According to information shared by Blockaid, one of the attackers seized control of two of the three Senate seats on the project's governing body. Having gained a majority, the attacker sold 400,000 X tokens from the project's treasury into an empty liquidity pool he created.