Resupply Protocol Exploited for Millions in Cryptocurrency Theft

According to Odaily, SlowMist founder Yu Jian revealed that the decentralized stablecoin protocol Resupply was exploited by attackers who used an interest inflation vulnerability to steal assets. The attackers manipulated the Controller contract of a new vault to trigger price inflation, causing the exchange rate to drop to zero and bypass collateral verification. This allowed them to borrow a large amount of reUSD with only 1 wei of collateral. The stolen funds, now converted to ETH, are valued at over $9.5 million. The hackers utilized Tornado Cash for gas fees.