Stablecoin Protocol Resupply Suffers $9.5M Exploit

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 26 2025

CVX+2.425%

STABLE-4.95%

Should l Buy CVX?

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.

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Technical Analysis for CVX

Technical Sentiment Analysis for Convex Finance (CVX). As of , Convex Finance (CVX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for CVX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, CVX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Convex Finance (CVX) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1.156	1.377	1.579	1.8	2.002	2.223	2.425
Fibonacci	1.377	1.539	1.639	1.8	1.962	2.062	2.223

About CVX

Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn a share of trading fees on Curve without staking liquidity there. Instead, LPs can stake with Convex and receive boosted CRV and liquidity mining rewards. This provides CRV stakers with better capital efficiency and positions Convex Finance as an important player in the Curve wars.Convex has entered a competitive race to obtain as much control as possible of the Curve Finance stablecoin exchange. The more CRV tokens a protocol has, the more influence it has over interest rates on Curve, which is the largest DEX in the world by TVL. Consequently, the “Curve wars” are an ongoing race for influence over what is probably the most important protocol in DeFi.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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