Thedefiant X100 Exploit Leads to Significant Fund Diversion from Uniswap Pool
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- •The X100 exploit has siphoned off nearly 4.85 million USDT.
- •Funds have been split into multiple wallets, complicating recovery efforts.
- •The incident highlights vulnerabilities in DeFi governance and liquidity pools.
The X100 exploit has resulted in the diversion of approximately 4.85 million USDT following a governance takeover. The first exploiter converted 4.75 million USDT into ether, while the distribution wallet retains 423 ETH. A separate transaction pulled 549,916 X and 1,909 USDT from a Uniswap pool, which had less than 200 USDT remaining. The exploit appears to be ongoing, with funds being actively moved to various wallets. The incident has raised concerns within the DeFi community regarding the security of governance mechanisms and liquidity pools. No specific CVEs or patches have been reported in relation to this exploit, indicating a lack of immediate remediation.
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