Onomy Protocol (NOM) is a token that is used as collateral for stablecoin mining, management and remuneration. It also provides network security through staking. The token belongs to the Cosmos chain of the first level for a multi-chain and intuitive DEX. The project combines traditional with decentralized finance, simplifying the migration of foreign currency to the chain with the help of crypto-backed decentralized stablecoins, which will be used for trading, profitability and payments.

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Update

"The current events are the result of a social engineering attack affecting an ecosystem wallet. It is NOT a hack or technical compromise of Onomy's products. 

As part of the genesis token allocation, NOM destined to be utilised for ecosystem purposes (listings, market making, incentives, etc.) was split to several wallets. One of these wallets was the target of a social engineering attack, with 750K NOM baited.

Relevant parties have been made aware and more information will be provided as the situation unfolds."

https://twitter.com/OnomyProtocol/status/1663305455853006848

Update. "The current events are the result of a social engineering attack affecting an ecosystem wallet.