Massive Loss as Resupply Struggles with Breach
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Security Breach Impact: A security breach on June 26 led to a loss of approximately $9.5 million for the Resupply protocol due to price manipulation tactics, which allowed an attacker to exploit collateral ratios and borrow funds with minimal backing.
Response and Future Measures: In response to the attack, Resupply halted affected contracts and is developing a compensation plan for users, while emphasizing the need for improved security measures, such as using multiple price oracles to prevent similar incidents in the future.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






