DeFi Shock: Hacker Siphons $9.6M from Stablecoin Protocol Resupply—Security Crisis Escalates
Another day, another DeFi heist—this time a $9.6 million digital cash grab. The exploit targeted Resupply, a protocol promising stability, and left it anything but.
How it happened: The attacker bypassed smart contract safeguards, draining funds in a move that’s become grimly routine. No flashy tech—just old-fashioned vulnerabilities exploited at scale.
Why it matters: Stablecoins are meant to be the 'safe' part of crypto. When they’re not, even the bulls start sweating. Audits? Overrated, apparently.
The fallout: Cue the usual promises of 'enhanced security measures' and 'making users whole.' Meanwhile, the hacker’s probably sipping a Mai Tai on a blockchain beach.
Bottom line: In DeFi, the only stable thing is the stream of exit scams and exploits. But hey—at least the yield farming APYs still look good on paper.
