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27 September, 2024

Onyx Protocol Suffers Second Exploit, Losing $3.8 Million Due to Known Bug

27 September, 2024

The Onyx Protocol, a decentralized finance application, has been exploited for the second time, resulting in a loss of nearly $4 million. This latest attack was made possible by a combination of an old bug and a newly discovered input validation vulnerability. The exploit highlights the importance of robust security measures within DeFi protocols, particularly in addressing known vulnerabilities and implementing comprehensive code reviews to prevent such attacks.