Onyx announces launch of $40 million XCN token facility to compensate damaged users
Onyx, a DeFi protocol, suffered a security attack of approximately $2.1 million. In order to ensure proper compensation for users, they have decided to use the XCN token facility, which is jointly owned by institutions such as LDA Capital, and worth $40 million. Onyx DAO will sell XCN tokens from their treasury through this facility to directly provide compensation for the losses caused by the attack on the Onyx Protocol, ensuring that affected users receive the funds they are owed.
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