Flashloan Governance Attack on X100 Results in $4.75 Million Loss
X100 suffered a flashloan governance attack resulting in a loss of $4.75 million. The incident involved exploiting governance mechanisms on the Ethereum chain.
The incident occurred on the Ethereum chain, which is known for its smart contract capabilities. This means that the actions taken during the attack can be traced through the on-chain records associated with the Ethereum network. The specific addresses involved in the attack were not disclosed, but the transaction history on the Ethereum blockchain will provide a detailed account of the movements of funds related to this incident.