PANews reported on September 27 that Onyx Protocol posted on the X platform that in response to the theft, Onyx Protocol issued a proposal OIP-46, proposing to restart Onyx's open source licensed financial network OnyxCore as the main product, together with XCNStaking to ensure the governance of OnyxCore and the rewards of OnyxStaker. According to the proposal, Onyx Protocol will operate as a closed lending protocol on OnyxCore, allowing users to encapsulate and lend NFTs and RWAs, while supporting crypto assets from multiple chains. This move will close the Ethereum-based lending market and fully compensate all affected users, paying for the assets they provided at a 1:1 ratio.

Earlier yesterday, according to Paidun Monitoring, Onyx became the latest victim of a precision vulnerability attack, with losses exceeding $3.8 million.