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Friday, September 27, 2024
Onyx Protocol, another Compound v2 fork that just can't catch a break, has been exploited again.
This time, the damage tally stands at a cool $3.8 million, siphoned off by the same high-profile vulnerability that bit them late last year.
It's a rerun nobody asked for, featuring the usual suspects: a known bug, a newly added market, and a team seemingly allergic to learning from past mistakes.
The exploit, executed with the precision of a seasoned chef following a recipe, drained a smorgasbord of assets including VUSD, XCN, DAI, WBTC, and USDT.
Onyx finds itself in the unenviable "fool me twice" club, proving that in DeFi, lightning can indeed strike the same place twice - especially if you're holding a metal rod in a thunderstorm.
In the grand tapestry of DeFi disasters, is Onyx weaving a masterpiece or just tying itself in knots?
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We are all rekt.