🔥 Crypto News! 🔥

🔹 Onyx Protocol was hacked for $3.8M on September 27, but the community approved a plan to relaunch Onyx Core to improve security and governance. 🛡️

🔹 OIP-46 Proposal: Shut down Ethereum lending market, return assets to users 1:1. Deployment on October 1.

🔹 Onyx will release a new white paper and stake Onyxcoin (XCN). 🎉

🔹 Hackers exploited the NFTLiquidation contract, which previously attacked Onyx and Hundred Finance. Restructuring to protect Onyx from future attacks.

🔹 According to Cyvers, crypto hackers caused over $2.1B in losses in the first 3 quarters of 2024. Centralized exchanges were the biggest targets with a 984% increase year-over-year.

🔹 DeFi saw a 25% decrease in losses year-over-year but still lost $171.3M from 62 incidents.

💬 What do you think about the state of crypto security? Share your thoughts! 👇

#CryptoNews#Blockchain#DeFi#Onyx#BTC#Security