Resupply DeFi Protocol Suffers $9.6 Million Loss in Security Breach

According to Cointelegraph, decentralized finance (DeFi) protocol Resupply has confirmed a security breach in its wstUSR market, resulting in an estimated $9. 6 million in cryptocurrency losses. The breach was reportedly triggered by a price manipulation attack involving the protocol's integration with a synthetic stablecoin known as cvcrvUSD. Blockchain security firm Cyvers identified the exploit, with co-founder and chief technology officer Meir Dolev explaining that the attacker manipulated a price bug in the ResupplyPair contract source: https://www.binance.com/en/square/post/26135167898338?utm_source=BinanceNewsRSS