The market has observed a troubling trend as VUSD has depegged, currently valued at $0.6599, reflecting a staggering decline of 34.2% within just one hour. This drastic shift in value raises alarm bells among investors and analysts alike, particularly in the context of recent reports from Cyvers Alerts that have unveiled potentially dubious transactions involving Onyx.

The fallout from these transactions has been significant, with estimated losses soaring to $3.2 million, primarily stemming from the disruptions in VUSD's stability, prompting discussions on market volatility and risk assessment strategies necessary to navigate such crises. Investors are urged to stay vigilant and consider the implications of these developments, particularly concerning the broader cryptocurrency landscape and its susceptibility to sudden market fluctuations..