ONYX - Onyx Suffers Breach As Attacker Swaps ETH For PEPE 'Precision Loss' Of Over $2M | Benzinga
Decentralized finance (DeFi) protocol Onyx recently experienced a significant security breach that resulted in the misappropriation of about $2.1 million.
According to The Block, citing blockchain security firm BlockSec, the breach was due to a specific flaw within Onyx's system, termed as "precision loss."
"The attacker took out a flash loan of a substantial amount of ETH, swapped it for PEPE, and donated it to a specific pool to manipulate the exchange rate.
Subsequently, ...