The hacker manipulated cvcrvUSD prices, allowing them to borrow significant amounts of reUSD with minimal investment. Upon stealing about 9.6 million USD, they converted funds into different cryptocurrencies and distributed them across two accounts to conceal their tracks.
Resupply has paused the impacted market and is investigating the cyber incident. This attack sheds light on inherent vulnerabilities in DeFi platforms that rely on external price oracles, a concern for the rapidly growing crypto community.
Leave a Reply