Onyx governance proposal OIP-5, queued on Oct 11, 2026, includes XCN buybacks, fee burns, and Onyx Launch deployment. The proposal aims to directly increase token value, but the scale and impact are unquantified. Activation is pending.

Onyxcoin's OIP-5 vote opens soon, proposing XCN buybacks, fee burns, and Onyx Launch. The outcome will determine if these supply-reduction mechanisms are activated.

Onyx (XCN) DAO's governance system was hacked, resulting in the theft of approximately $2.91 million worth of XCN. The attacker passed a malicious governance proposal and then transferred funds from the treasury.

Onyx treasury moved 620 million XCN tokens following a migration proposal. This occurred amidst an exploit alert from Blockaid, leaving a small amount of XCN in the Ethereum treasury.

Onyx Treasury has transferred 620 million XCN to execute a migration proposal. This leaves approximately 1.89 million XCN in the Ethereum treasury contract. The migration proposal has been publicly promoted.