Massive Loss as Resupply Struggles with Breach

On June 26, a security breach ravaged the Resupply protocol, resulting in a staggering loss of around $9.5 million due to price manipulation tactics. The intruder inflated the share price of wrapped cvcrvUSD staked on Convex Finance by making strategic donations, disrupting Resupply’s CurveLend: crvUSD/wstUSR contract.

Continue Reading:Massive Loss as Resupply Struggles with Breach