Resupply Faces Major Security Breach Resulting in Massive Financial Loss

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.