BlockchainCrypto

X100 Exploit Nets 4.85 Million USDT After Governance Takeover

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 24/10/2026, 15:12:24 UTC.

Briefings

A significant Ethereum exploit resulted in the transfer of 4.85 million USDT via two transactions, following a governance takeover. Blockaid issued a warning that the attack was still active. The event occurred in October 2026, with the specific transaction details and the ongoing nature of the attack not fully detailed in the provided text.

Key points

• Two transactions successfully converted treasury tokens and liquidity positions into USDT, resulting in a transfer of 4.85 million USDT.
• Blockaid explicitly warned that the Ethereum attack was ongoing, indicating the vulnerability was not yet patched.

Context

This incident represents a major security breach on the Ethereum network, where governance mechanisms were exploited to move significant value. The ongoing nature of the attack suggests that the vulnerability remains active and poses a continued risk to the ecosystem.

Limitations

The provided evidence is limited to the specific outcome of two transactions and a general warning from Blockaid. It does not specify the exact date of the attack, the identities of the exploiters, or the technical details of the vulnerability exploited.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 24/10/2026, 15:16:22 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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