DeFi: Hackers siphon $2M from Onyx protocol

The Onyx crypto lending protocol was the victim of a attack and lost the equivalent of 2.1 million dollars. At issue was a flaw which had already made it possible to steal 7 million dollars on a other DeFi protocol.

Several blockchain cybersecurity startups reported this Wednesday that the Onyx decentralized finance protocol had been affected by a hack 2.1 million.

Read:  MetaMask and Fireblocks join forces to win over institutional customers

According to PeckShield, the hackers exploited a “rounding problem” that was already known and linked to a forked version of Compound V2, on which the protocol is based.


We were unable to confirm your registration.


You will receive an e-mail to confirm your registration (If you don’t receive an e-mail, check your spam folder).

Basically, the operated oPEPE market was deployed 5 days ago without any liquidity. This empty market was abused by donations to borrow funds from other markets with liquidity. The donated funds were then repaid by exploiting the well-known rounding problem”, explained the specialist.

PeckShield pointed out that the same bug was exploited in the Hundred Finance hack. In the spring of 2022, the DeFi platform lost $7 million.

For the time being, the principal concerned has not communicated on the subject.

Read:  Kraken accelerates in Europe with acquisition of Dutch crypto-broker BCM

To keep abreast of Crypto and Web3 news, click here. Coins.fr on TwitterLinkedin, Google News, Facebook and Telegram

The Best Online Bookmakers June 25 2025

Cloudflare rayID 9552dce2dc6907b7

Myriadplay Sport

Myriadplay Sport

Bonus

£10

Highbet Sport

Highbet Sport

Bonus

-

GentlemanJim Sport

GentlemanJim Sport

Bonus

-