Hacker Drain $9.6 Million From Resupply Via Exchange Rate Bug

币界网报道:A hacker exploited a re-supply exchange rate bug to drain $9.6 million from a cryptocurrency exchange, according to blockchain security firm PeckShield. The attacker manipulated the platform's token re-supply mechanism, artificially inflating the exchange rate between two tokens before withdrawing funds at the distorted valuation. The exploit targeted a vulnerability in the exchange's smart contract logic that failed to properly validate token conversion rates during re-supply events. Security analysts noted this attack vector differs from common flash loan exploits, instead capitalizing on a design flaw in the platform's tokenomics. The exchange has temporarily suspended deposits and withdrawals while investigating the incident. This marks the latest in a series of DeFi exploits in 2023, highlighting ongoing security challenges in decentralized finance protocols. Blockchain investigators are tracing the stolen funds, which have been dispersed across multiple wallets.

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