Governance flaws in X100 and Arkadiko trigger flash loan losses

Community Trust Score Verified 93 % Real Verified 45 votes Updated 9 hours ago Governance vulnerabilities in the X100 protocol led to a loss of approximately $6 million on Oct. 24 after an attacker used a flash loan to seize Senate seats. Separately, a manipulated voting process on the Arkadiko lending protocol on Oct. 22 caused an estimated loss of $1.09 million. X100 governance relies on a Senate where candidates are ranked by frozen X tokens. While lock terms range from one to five years, eligibility is based on current balances without a minimum stake age.

Source: The Currency Analytics