Resupply Faces Major Security Breach Resulting in Massive Financial Loss
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Security Breach and Financial Loss: The Altcoin Resupply protocol experienced a significant attack on June 26, leading to a loss of approximately $9.5 million due to price manipulation that disrupted collateral calculations and allowed the attacker to borrow funds with minimal collateral.
Vulnerability Exploitation: The attack exploited a reliance on a single oracle for price determination, highlighting the need for diverse oracles and better security measures to prevent similar incidents in the future, while the project team has paused affected contracts and plans to compensate users.
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.








