Who’s Really to Blame for the $9.6M Resupply Hack? A DeFi Analyst’s Cold Truth
The $9.6M Vanished—But No One Owns It
Last week, $9.6 million evaporated from Resupply’s stUSDC pool. Not hacked by some shadowy bot—hacked by design. The exploit? A simple arithmetic flaw in an overcollateralized mechanism that never should’ve been deployed without audits… or worse, without accountability.
I saw it coming. Not because I’m psychic—but because I check the math before I stake my capital.
Curve’s Silent Betrayal
Curve loudly endorsed Resupply as a ‘trusted extension’ of its stablecoin ecosystem. Yet when the vault was breached? Silence. No press release. No emergency pause. Just a GitHub comment: ‘Not our protocol.’
This isn’t separation—it’s betrayal.
In DeFi, you don’t get to claim innocence after profiting from someone else’s trust.
Why Users Pay the Price—Again
The team said: ‘Insurance pool users bear the loss.’ That logic is grotesque.
Imagine Binance gets hacked—and they tell you: ‘You bought savings? Then lose your money.’ Would you accept that?
No rational actor would.
Resupply wasn’t a moonshot startup—it was Curve’s stealthy feeder protocol, built on its liquidity and reputation.
Audit? Please.
They had an audit. Of course they did.
Audits don’t prove safety—they prove budget allocation.
A $300k audit means nothing if your yield mechanics are built on borrowed time and silent governance.
What You Should Check Before Staking
- Business model: Is this just yield farming disguised as stability?
- On-chain flow: Are withdrawals locked? Are fees punitive?
- Off-chain signals: Who backs this team? Do they have ghosts in their past?
- Discord tone: Do they respond—or vanish when things break?
- Ecosystem ties: If it lives off another protocol’s reputation—you’re not investing in code… you’re investing in trust.
The Real Loss Isn’t Money—It’s Faith
I lost 15.5%. But what broke me isn’t the dollars—it’s faith in DeFi itself. We thought we were building safe rails—not feeding leeches who wait for collapse to profit from your loss. If every project operates like this… then Bitcoin is all we have left.
BlockchainRanger
Hot comment (3)
9.6 मिलियन गायब हुए? और हम सबके पास नहीं! 😅 DeFi में ‘audit’ का मतलब होता है — वो तो सिर्फ audit का पैसा खर्च करने की ट्रिक है! Curve ने ‘trusted extension’ कहा… पर jabber ki kahani mein khaana? अगर मैंने BTC को stake किया, तो मेरी faith… पहले से hi! कमेंट: ‘ये सब क्या हुआ?’ — जवाबड़! 👀
خسرنا 9.6 مليون، والجميع يشرب الشاي بسلام! لا أحد مسؤول، ولا حتى الـ”أوديت” — لأنه كان “مُجرّبًا” من القهوة!_curve قالوا: “ليس لدينا بروتوكول”، وكأن المبلغ سُرق من قهوة جدّة! أنت تظن أنك تستثمر في الكود؟ لا، أنت تستثمر في الثقة… التي اختفت مثل السكر في الصحراء! شاركنا: هل تعتقد أن التدقيق يحمي؟ أم أنك تدفع لشخص ما ليشرب قهوتك؟
Uang $9.6 juta ilang? Ya iya… tapi faith-nya masih ada! Di DeFi, bukan hacker yang jahat — tapi audit yang cuma buat laporan biar kelihatan pinter. Kurva diam-diam aja, padahal itu kan ‘trusted extension’? Nanti pasca hack malah bilang ‘Not our protocol.’ Bro… kalo kamu staking tanpa cek math-nya, jangan salahkan bot — salahkan dirimu sendiri. Kapan lagi mau audit? Cek dulu sebelum beli saham. 😅
