Onyx Completes Transfer of 620 Million XCN Tokens Amid Security Alert

Onyx has successfully transferred 620 million XCN tokens as part of its recently announced migration proposal. This significant transaction has left approximately 1.89 million XCN tokens remaining in its Ethereum treasury contract, indicating a substantial shift in its token management strategy.

The transfer coincided with a vulnerability alert issued by Blockaid, raising concerns about the security of digital assets during this period of transition. The timing of these events has drawn attention from the cryptocurrency community, highlighting the importance of security measures in token migrations.

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Source: KLEA News