# cryptohack

🚨 #ResolvLabsHitByExploitAttack
When “Code Is Law” Fails: Inside the $25M DeFi Exploit
In DeFi, everyone says:
👉 “Trust the code.”
But what happens when the system around the code fails?
That’s exactly what we just witnessed with the Resolv Labs exploit — a brutal reminder that in crypto, vulnerabilities don’t just exist in smart contracts…
they exist in design assumptions.
⚠️ What Happened
In a matter of minutes:
An attacker deposited only ~$100K–$200K USDC
Exploited the minting system
Created 50M–80M unbacked USR stablecoins
Extracted roughly $25 million in value �
Chainalysis +1
The resul

Venus Attacker Movement Update 🚨
The exploiter behind the Venus Protocol supply cap attack has begun consolidating and bridging stolen assets.
The Swap Details:
* Assets Exchanged: 2,178 BNB, 20 BTC, and 1,466,000 CAKE.
* Total Received: 2,257.3 ETH (approx. $4.72 million).
* Strategy: Following the swap, funds were bridged from the BNB Chain to the Ethereum network.
The Exploit Recap:
* Initial Attack: March 15, 2026.
* Mechanism: A "donation attack" targeted the Thena (THE) token pool to bypass supply caps and inflate collateral [1].
* Impact: Left the protocol with $2.15 million in bad deb