DeFi▼ Bearish

X100 Governance Exploit Causes $6M Loss Through Flash Loan

TradingGain Newsroom·1d ago·28 Oct 2026, 02:10 UTC

An attacker exploited governance flaws at X100 and caused a $6M loss using a flash loan. The attacker repaid the loan from the stolen funds while X100's stake stayed locked. Arkadiko's voting process also accepted token purchases made late.

Why it matters

The attack caused a $6M loss and used a flash loan to carry it out.
X100's stake stayed locked while the attacker repaid the loan from the proceeds.
Arkadiko's ballot accepted late token purchases, exposing a weakness in its voting process.

What to watch next

Watch for official updates from X100 and Arkadiko on fixes to their governance systems and any losses or recovery steps.

This brief is written by TradingGain from public reporting by CryptoSlate.Read original ↗

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