👾 Attack on the stablecoin protocol Resupply: $9.5 million stolen

The decentralized protocol Resupply has suffered an attack that resulted in the withdrawal of $9.5 million. The attacker manipulated the exchange rate by artificially raising the price of cvcrvUSD through donations. This led to a collapse in the exchange rate, which the attacker exploited.

By using the lending function in the ResupplyPair contract, the attacker was able to obtain 10 million reUSD by collateralizing only one wei of cvcrvUSD.

💯 W Ξ ST ⛓️89

#BinanceTGEXNY #BinanceHODLerSAHARA