ICYMI: A misconfigured oracle allowed an attacker to drain $9.5 million from Resupply, exploiting a critical flaw in a subDAO linked to Convex and Yearn. https://t.co/yafVntCv9r
#PeckShieldAlert #SiloFinance Exploiter 2 - labeled address transferred 225.1 $ETH (worth ~$548K) to #TornadoCash https://t.co/5ZSQHkPSaV
A @ResupplyFi dev allocated $1.4M of personal funds to fill an exploit hole. Huge Props to @C2tP. Between the personal funds and treasury they have plugged $2M of a $10M hole in under 24 hours. The reputation damage is tough but I think they will recover longterm. https://t.co/7qfvAwABXb
The stablecoin protocol Resupply, a subDAO affiliated with Convex Finance and Yearnfi, suffered a major exploit resulting in losses estimated between $9.5 million and $9.6 million. The attacker manipulated the price of the wrapped cvcrvUSD token by exploiting a flawed price oracle and using Tornado Cash to fund the attack. This manipulation caused the exchange rate in the ResupplyPair contract to drop to zero due to a floor division vulnerability, enabling the attacker to borrow reUSD with near-zero collateral and drain funds from the protocol. Security firms including BlockSec Phalcon, SlowMist, and PeckShield reported on the exploit, highlighting the use of oracle price manipulation as the attack vector. In response, a Resupply developer allocated $1.4 million of personal funds, and together with the protocol's treasury, they have covered approximately $2 million of the estimated $10 million loss within 24 hours. The incident underscores risks related to oracle vulnerabilities in decentralized finance (DeFi) protocols.