DeFi protocol Resupply was stolen for $9.6 million! Curve founder distanced himself from the issue, OneKey founder questioned theft

Recently, the DeFi protocol Resupply Finance experienced another vulnerability. Notably, the protocol is closely related to the well-known DeFi protocols Convex and Yearn Finance, generally considered as their subDAO. However, Curve's founder has stated that the protocol is unrelated to Curve, while Onekey's founder Yishi, as a victim, questions whether the entire incident was premeditated and potentially an inside job. Resupply Finance is a decentralized stablecoin protocol that provides yields by utilizing liquidity and stability from lending markets. It was incubated by Convex and Yearn Finance. Convex is a DeFi derivative protocol built on Curve, allowing users to earn transaction fees and higher CRV and liquidity mining rewards without directly staking on Curve. According to reports, the attacker manipulated the oracle pricing in the ResupplyPair contract, increasing the quote for the synthetic stablecoin (cvcrvUSD). This allowed the attacker to borrow $10 million in reUSD with just 1 wei of collateral, bypassing LTV checks and draining the treasury in a single transaction. The attacker's funds have since entered the Tornado mixer. Based on defillama data, Resupply Finance's total locked value dropped from $135 million before the incident to $77.41 million. OneKey's founder Yishi, a victim of the incident, questioned the protocol's lack of enthusiasm in investigating the hack and suggested it might be an inside job. He was banned from the official Discord and stated that legal action might be necessary if the protocol continues to treat its capital supporters this way. Curve's founder Michael Egorov also stated that no one from Curve was involved in the plan, expressing sadness about the impact on crvUSD's growth. Yishi reiterated that many investors were confident in investing due to the perceived credibility inherited from Curve, Convex, and Yearn. Risk Warning: Cryptocurrency investments carry high risks, with potentially significant price volatility. Carefully assess the risks before investing.