Stablecoin Protocol Resupply Suffers $9.5M Exploit

Exploit Details: The decentralized stablecoin protocol Resupply was exploited for $9.5 million through price manipulation of the cvcrvUSD token, allowing the attacker to borrow nearly $10 million in reUSD tokens with minimal collateral and subsequently convert them into USDC and wrapped Ethereum (WETH).

Broader Pattern: This incident follows a series of significant breaches in the crypto space, including a recent $49 million hack of Iranian exchange Nobitex and a $223 million exploit of DEX Cetus, indicating a growing trend of attacks targeting both exchanges and trusted crypto information platforms.