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SlowMist Founder: Resupply Attacker Steals Assets Through Interest Rate Inflation Vulnerability, Hacker Gas from Tornado Cash
Summary: In a recent announcement, SlowMist founder revealed that the decentralized stablecoin protocol Resupply was attacked by exploiting an interest rate inflation vulnerability, where the attacker triggered price inflation by donating to the new treasury's Controller contract, causing the exchangeRate to be 0 and bypassing collateral verification. As a result, the attacker was able to borrow ...
In a recent announcement, SlowMist founder revealed that the decentralized stablecoin protocol Resupply was attacked by exploiting an interest rate inflation vulnerability, where the attacker triggered price inflation by donating to the new treasury's Controller contract, causing the exchangeRate to be 0 and bypassing collateral verification. As a result, the attacker was able to borrow a large amount of reUSD with only 1 wei of collateral. The hacker has since converted the stolen funds into ETH, valued at approximately over $9.5 million, with the hacker's gas fees coming from Tornado Cash.
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Link: SlowMist Founder: Resupply Attacker Steals Assets Through Interest Rate Inflation Vulnerability, Hacker Gas from Tornado Cash [Copy]
