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Today's Top Crypto Headlines:
ResupplyFi $9.6M Exploit | Pi Token Surges 38% | Deribit $300K Event and more...
King Fatrick Gil Añasco
June 27, 2025
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
Resupply Exploit Costs $9.6M: DeFi protocol ResupplyFi lost $9.6M after a price manipulation exploit in its wstUSR market.
Pi Token Jumps on Rumors: Pi Network’s token surged 38% amid speculation of AI integration and a rumored Google partnership.
💡Feature of the Day - Deribit Launches $300K Contest: Deribit and SignalPlus have kicked off “The Summer Chase,” a five-week trading contest with $300K in prizes and luxury rewards including a Tesla, Rolex, and Hawaii trip.
All this and more in today’s headlines!
📰 News Highlights:
Stablecoin protocol ResupplyFi lost $9.6 million after an attacker exploited a price manipulation bug in its wstUSR market.
🚨ALERT🚨Our system has detected a suspicious transaction involving @ResupplyFi, with losses estimated at $9.6M.
Attacker funded via @TornadoCash manipulated #cvcrvUSD price, causing exchangeRate in ResupplyPair to hit zero due to floor division enabling massive #reUSD borrowing
— 🚨 Cyvers Alerts 🚨 (@CyversAlerts)
6:49 AM • Jun 26, 2025
Security firm Cyvers explained that the attacker used the protocol’s flawed ResupplyPair contract to inflate the share price, allowing them to borrow $10 million reUSD using minimal collateral.
Resupply has experienced an exploit in the wstUSR market. The affected contract has been identified and paused. Only the wstUSR market was impacted and the protocol continues to function as intended. A full post-mortem will be shared as soon as a complete analysis of the
— Resupply (@ResupplyFi)
4:29 AM • Jun 26, 2025
The funds were funneled through Tornado Cash and converted to Ether, then split across addresses.
Hi @ResupplyFi you may want to take a look: etherscan.io/tx/0xffbbd492e…
— PeckShield Inc. (@peckshield)
2:29 AM • Jun 26, 2025
The Resupply team acknowledged the incident, stating only the wstUSR market was affected and impacted contracts were paused. A full post-mortem is underway.
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Pi Network’s token jumped 38% following speculation about AI integration and a rumored partnership with Google.
How is GenAI related to Pi Network? Why did one of two Pi Founders, Nicolas Kokkalis, participate in a GenAI panel at Consensus 2025? Answer on Pi2Day (6.28.2025)
— Pi Network (@PiCoreTeam)
8:56 PM • Jun 21, 2025
The buzz started when Pi’s co-founder Nicolas Kokkalis appeared at Consensus 2025 on an AI panel, with the company teasing more details at their Pi2Day event.
#PiNetwork rumored to have a Google Ai deal, announcement expected on Pi2Day (Pi app shows Google Ai icon).
#IceNetwork ecosystem launch with surprise developments!
Both projects set for massive moves and big breakouts!
$Pi $ICE $ION #Pi#ice#Ion— zuzu (@PiGlobal314)
6:44 AM • Jun 25, 2025
The PI token peaked at $0.65, rising from $0.47 earlier in the week, though it later dipped to $0.57.
$Pi will share big news via in-app message on June 28! Consensus AI joins, sharing data. Google Gemini collab or #PiAI feature? Huge announcement! Full trust in Pi, June 28 is rocket time! #PiNetwork#pi#picoin@PiCoreTeam
— zuzu (@PiGlobal314)
9:17 PM • Jun 25, 2025
Community members speculated on social media about a Google AI collaboration or the launch of a new initiative dubbed “PiAI.”
💡 Feature of the Day:
Deribit and SignalPlus have launched “The Summer Chase,” a five-week trading competition with a $300,000 USDC prize pool and luxury rewards like a Tesla, Rolex, and Hawaii trip.
$300K in prizes. A Tesla. A Rolex. A trip to Hawaii.
All you have to do is win.The Deribit x @SignalPlus_Web3 Summer Chase 2025 is on — learn more via @Cointelegraph. ⤵️
— Deribit (@DeribitOfficial)
10:23 AM • Jun 26, 2025
Running from June 26 to July 31, the contest is open to retail traders using SignalPlus.
🚦 Trading goes LIVE in Deribit x @SignalPlus_Web3 Summer chase NOW
The gates are open. The leaderboard is heating up.
35 days. 6 wild challenges. Over $300,000 in rewards — including a Tesla, a Rolex, and non-stop daily cash drops.
Trade here :t.signalplus.com/deribitsummerc…— Deribit (@DeribitOfficial)
8:17 AM • Jun 26, 2025
Incentives include free options for early registration and bonus rewards for referrals.
Deribit, the largest crypto options ecosystem, has launched a new trading competition in partnership with SignalPlus. The event will last 35 days and features a total prize pool of 300,000 USDC, along with additional prizes such as a Tesla and a Rolex. To join, participants need
— Wu Blockchain (@WuBlockchain)
6:16 AM • Jun 26, 2025
Participants can join team competitions, climb leaderboards, and win lifestyle items such as designer watches, electronics, or even skydiving trips.
THE SUMMER CHASE: 300,000+ PRIZE POOL REVEAL!
Tesla | Rolex | Hawaii
Four rounds + 2 bonus missions - score big in crypto’s hottest summer event!
Register by 26th to win 3 free Deribit options: t.signalplus.com/deribitsummerc…
#summerchase#btc
— Deribit (@DeribitOfficial)
5:19 PM • Jun 23, 2025
Referral bonuses can reach thousands of dollars, while lucky draws offer surprise travel and cash prizes.
😂 Crypto Meme of the Day:
Meme of the day provided by @attackondoge1
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com