đš Breaking News: Onyx Exploited for $3.8M! đš
In a plot twist thatâs more dramatic than a soap opera, DeFi protocol Onyx was exploited for a whopping $3.8 million on Sept. 26. According to blockchain security experts at Peck Shield, the culprit was a known bug in the Compound Finance v2 codebaseâyes, the same bug that previously hit Onyx in November. đ±
- **What Happened?**
- A vulnerability in the NFT liquidation contract was also to blame.
- The loot: 4.1M VUSD, 7.35M XCN, 0.23 WBTC, $5K DAI, and $50K USDT.
The Onyx team, in a Sept. 27 X post, pointed fingers at the faulty NFT contract as the main villain. Peck Shield confirmed that the NFT contract allowed the attacker to inflate the self-liquidation reward.
đŹ What do you think about these recurring DeFi exploits? Share your thoughts in the comments!