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Onyx hacked for $3.8 million using the same exploit used against them less than a year ago

The Onyx protocol has been hacked for the second time by attackers taking advantage of known bugs in the forks of the Compound Finance project. Projects regularly fail to patch these bugs, despite numerous cases of multi-million dollar hacks affecting Compound forks in the past.

It seems Onyx didn’t learn their lesson the first time when they were mined for $2 million in November 2023 by an attacker exploiting a known vulnerability affecting empty markets in the protocol. The same bug appears to have contributed to this exploit, although Onyx claimed the hack was due to a separate vulnerability in an NFT liquidation contract.

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