Governance flaws in X100 and Arkadiko exploited for $6M in flash loan attacks
Two separate incidents reveal gaps between token voting and execution, allowing attackers to drain treasuries
Attackers exploited governance vulnerabilities in two DeFi projects, X100 and Arkadiko, between October 22 and 24, draining approximately $6 million in combined losses through flash loans and manipulated voting mechanisms, blockchain security analysts report.