X100 Exploit Funds Distributed Across Four Wallets
Written with artificial intelligence.
Following an exploit, 1600 ETH was distributed evenly among four wallets, each receiving 400 ETH. The wallets now hold a collective balance of 423 ETH, while the initial attacker converted approximately 4.75 million USDT into Ethereum before dispersing the funds.
Overview of the X100 Exploit
The X100 exploit has led to the distribution of 1600 ETH across four distinct wallets, with each wallet receiving 400 ETH. As of now, these wallets contain a total of 423 ETH. According to The Defiant, the initial attacker converted around 4.75 million USDT into Ethereum before redistributing the funds.
Details of the Attack
The attacks on X100, which occurred on the 24th, utilized governance rights and liquidity pools. Blockaid reported that the attacker gained control of two out of three seats in the project's decision-making body known as 'Senate', subsequently selling 400,000 X tokens from a liquidity pool they created. Another attacker leveraged a Uniswap liquidity position during this incident.
Financial Impact
Blockaid estimated that approximately 4.85 million USDT was secured through these two attack transactions. Previous reports indicated that about 4.75 million USDT was exchanged for Ethereum. Notably, the distribution of the wallets does not represent the number of attack transactions or the number of affected wallets, as the amounts transferred were separate from the attack itself.