diff --git a/CHANGELOG.md b/CHANGELOG.md
index f213fbcfc2..78d6fac416 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -81,6 +81,8 @@ These changes are available on the `master` branch, but have not yet been releas
 - Fixed attachment metadata being set incorrectly in interaction responses causing the
   metadata to be ignored by Discord.
   ([#2679](https://github.com/Pycord-Development/pycord/pull/2679))
+- Fixed unexpected backoff behavior in the handling of task failures
+  ([#2700](https://github.com/Pycord-Development/pycord/pull/2700)).
 
 ### Changed
 
diff --git a/discord/ext/tasks/__init__.py b/discord/ext/tasks/__init__.py
index 638bd831c6..af34cc6844 100644
--- a/discord/ext/tasks/__init__.py
+++ b/discord/ext/tasks/__init__.py
@@ -168,6 +168,7 @@ async def _loop(self, *args: Any, **kwargs: Any) -> None:
                 try:
                     await self.coro(*args, **kwargs)
                     self._last_iteration_failed = False
+                    backoff = ExponentialBackoff()
                 except self._valid_exception:
                     self._last_iteration_failed = True
                     if not self.reconnect: