X 100 Global Loses Millions as Three-Seat Senate Is Hijacked

Several reports say X 100 Global suffered a devastating governance takeover on Saturday, after attackers reportedly captured two of its three Senate seats and exploited their majority to raid the project’s treasury. Blockaid traced approximately $4.85 million in USDT proceeds and additional token withdrawals. The X token plunged more than 96%, while liquidity evaporated across decentralized trading pools. Another day, another hack in 2026. According to a myriad of onchain security alerts, the cryptocurrency project built around a three-seat governing Senate discovered just how dangerous instant democracy can become when attackers reportedly bought their way into two seats and promptly…