According to The Defiant, the Onyx treasury moved 620 million XCN tokens in a transfer tied to a migration proposal the project had previously promoted publicly. After the transfer, only about 1.89 million XCN remained in its Ethereum treasury contract. The large movement took place as Blockaid issued an exploit alert. The report, cited by ChainCatcher, links the transaction directly to the earlier migration plan and notes the sharp reduction in the treasury contract’s remaining XCN balance. No further details were provided in the brief on the destination of the tokens or on any additional steps tied to the migration.
ChainCatcher reported, citing The Defiant, that the Onyx treasury moved 620 million XCN tokens.
The transfer carried out a migration proposal that Onyx had previously promoted publicly. After the move, only about 1.89 million XCN remained in its Ethereum treasury contract.
The large transfer came as Blockaid issued an exploit alert.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
