ChainCatcher report, according to The Defiant, Onyx's treasury transferred 620 million XCN tokens. This transfer implemented a migration proposal previously announced by Onyx; after the transfer, only approximately 1.89 million XCN remain in its Ethereum treasury contract. This large transfer occurred amid an alert issued by Blockaid regarding a vulnerability exploit.
Onyx Treasury transfers 620 million XCN tokens amid security alert.
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Summary
Onyx’s treasury transferred 620 million XCN tokens as part of a migration plan, leaving 1.89 million XCN in the Ethereum contract. The transfer followed a security alert from Blockaid regarding a potential exploit. Meanwhile, BTC continues to serve as a hedge against inflation amid global economic uncertainty. Regulatory efforts under CFT frameworks are also intensifying across major markets.
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