X 100 Global Loses Millions as Three-Seat Senate Is Hijacked

Crypto Insight Summary: Several reports say X 100 Global suffered a devastating governance takeover on Saturday, after attackers reportedly captured two of its three Senate seats and exploited their majority to raid the project’s treasury. Blockaid traced approximately $4.85 million in USDT proceeds and additional token withdrawals. The X token plunged more than 96%, while liquidity evaporated across […] Crypto Insight Analysis: Direction: Bearish X Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Project governance failure and treasury theft cause investor panic and token value collapse.