Resupply stablecoin lender exploited for $9.3 million
An attacker was able to exploit a vulnerability in a smart contract used by the Resupply stablecoin lender to extract about $9.3 million from the project. After depositing around $200,000, they were able to inflate the price of another token and borrow almost $10 million.Resupply announced the theft shortly afterwards, and stated that they had paused the vulnerable contract.Resupply is a fairly new project, having officially launched on March 20 — about three months before the exploit. "DeFi stablecoin lending protocol Resupply hit with $9.3m exploit" , DL News Tweet by Resupply
An attacker was able to exploit a vulnerability in a smart contract used by the Resupply stablecoin lender to extract about $9.3 million from the project. After depositing around $200,000, they were able to inflate the price of another token and borrow almost $10 million.
Resupply announced the theft shortly afterwards, and stated that they had paused the vulnerable contract.
Resupply is a fairly new project, having officially launched on March 20 — about three months before the exploit.
