This DeFi Platform Is Burning Millions to Stop the Bleeding After a $10M Hack 😱🔥

Monsieur Resupply, well-intentioned purveyor of digital coinage, hath unveiled what might most charitably be called a “plan”—yes, a plan (!)—to mend its battered purse after a dashing rogue spirited away $10 million worth of tokens. How, you ask? By setting ablaze six million reUSD from its precious insurance pool, as if burning money were the latest Parisian fad!

Oh, tragic comedy! Picture it: a stablecoin so “stable” its stability was trounced by the oldest villain in the theatre—an exploit most cunning. According to the tale spun on the 28th day of June (take a bow, auditors!), a scoundrel discovered a loophole in the platform’s calculations, and with a flourish more elegant than Argante’s accounting, danced away with the loot. Encore!

To chase away this financial fever, the managers of Monsieur Resupply ceased all trade in the culprit market pair and locked the vaults—one imagines with much key-jangling and fainting of minor nobles. The insurance pool—an invention praised by all and trusted by none—was pressed into service for the Great Token Bonfire, to “partially offset the calamity” (translation: “mes amis, panic only slightly!”).

“Read our post-mortem! Gaze upon our recovery plan!” declareth Resupply’s actors to the assembled masses. Links provided, applause optional. — Resupply (@ResupplyFi), 28 June, 2025

But soft! The drama continues! The investigation to reclaim the wandering coins meanders on: 2.86 million was heroically returned from the treasury (cue much back-patting), yet a deficit most unseemly remains—7.13 million, lest anyone doze off. Fear not! The plot thickens, for the council proposes to banish six million more tokens, nearly 15.5% of the total, with the fanfare of a Bastille Day firework.

The remainder—1.13 million reUSD, a sum not to be sneezed at—will be repaid gradually, assuming the audience does not toss the company from the stage before then. All that is required? Consent of the crowd—pardon, community—by a grand, democratic vote, after which the curtain will rise again in three days.

To sweeten the comedy, Resupply extends tokens (RSUP) as prizes for those stalwart, or perhaps just stubborn, enough to keep their coins in the insurance pool—much like handing out scented handkerchiefs while the theatre burns. Withdraw if you must, but, ah, think of the camaraderie!

In sum, this burlesque aims not for full restitution, but rather, to keep the faith (and the money) flowing. Will the user-citizens believe in Monsieur Resupply’s restoration? Or will the whole affair end with a resounding chorus of laughter and a dash for the exits? Stay tuned for Act Two. 🎭💸

Read More

2025-06-30 15:56