🚨 $9.5M Heist: Stablecoin Protocol ’Resupply’ Drained in Token Price Manipulation Attack

Another day, another DeFi exploit—this time with a $9.5M price tag. The 'Resupply' stablecoin protocol got played like a fiddle by attackers who manipulated token prices to drain funds. Who needs banks when you’ve got code vulnerabilities?

How It Went Down

The exploit leveraged a classic price oracle weakness—pumping a token’s value artificially before swapping it for stablecoins at inflated rates. Old trick, new victim.

DeFi’s Recurring Nightmare

Price manipulation attacks are becoming the industry’s Groundhog Day. Audits? Stress tests? Nah—just cross your fingers and hope the next protocol doesn’t get ‘resupplied’ by hackers.

The Aftermath

While the team investigates, crypto Twitter is split between ‘rug pull’ accusations and the usual ‘we’ll rebuild’ optimism. Meanwhile, that $9.5M is long gone—probably funding someone’s private island or a very elaborate meme coin.