☕️ Crypto Exploits Expose Bridges, X100 Drained for $4.85M Multi-million dollar exploits highlight cross-chain security flaws, as US Middle East evacuations push $BTC below $80,000.
1. Crypto Exploits Expose Vulnerabilities in Speed and Cross-Chain Security — Blockaid analysis found attackers moved funds in a median of 17 minutes across 50 exploits in 2026 [1]. Initia and Qubic halted their networks after structural flaws in seed generation and MoveVM enabled multi-million dollar drains [1]. 2. X100 Attacker Drains $4.85M in USDT Following Governance Takeover — An attacker drained 4.85 million $USDT from the X100 protocol on Oct. 24 following a governance takeover [1]. The exploiter converted treasury tokens and liquidity positions across two transactions [1]. 3. Bitcoin Drops Below $80,000 as Middle East Tensions Prompt US Evacuations — Bitcoin slipped beneath $80,000 to a multi-week low [1]. The decline aligned with the US evacuating diplomatic and military staff across the Middle East amid reports of Iranian attack threats [1]. 4. Apex Group CEO Says US Crypto Delays Give Asia and Middle East Regulatory Edge — Apex Group CEO Peter Hughes said legislative stagnation following the Clarity Act's failure will push institutional crypto to Bermuda and the Gulf [1]. The US Senate failed to advance the bill in September [1]. 5. Strategy and Strive Face Capital Strain as Preferred Stock Dividends Weigh on Bitcoin Purchases — Corporate treasuries have funded 135,979 bitcoin purchases using perpetual preferred stock since 2025, per Fidelity Digital Assets [1]. Strategy recently repurchased $193 million of its STRC preferred shares while adding 267 bitcoin [1].
📊 Bitcoin is trading at $80,278, ether is at $2,336, and the total market cap fell 2.2% to $2.65 trillion.
