Blockaid Flags $4.85M USDT Drain From Ethereum (ETH) Project X100 as Attack Continues

Blockaid says attackers seized two of three Senate seats in Ethereum-based project X100, draining about $4.85M in USDT and 550,000 X tokens; the attack continues. The ongoing exploit highlights vulnerabilities in governance mechanisms, with the attackers maintaining control and continuing to extract funds from the compromised project.