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Resolv Labs stablecoin suffers $25M exploit, plunging USR price by 74%

Resolv Labs' USR stablecoin was exploited when a compromised key allowed an attacker to mint 80 million USR tokens, causing the stablecoin to lose its dollar peg and crash to around $0.25. The attacker converted $25 million worth of USR into Ethereum within minutes.

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  • Resolv Labs stablecoin depegs after $25M exploit
    Decrypt
  • DeFi impact of Resolv's $25M USR exploit
    The Defiant
  • Analysis of Resolv hack and intent architecture (via Reddit)
    CryptoCurrency Reddit
  • Hacker Mints $80 Million worth of Fake Stablecoins and Swaps Them For ETH (via Reddit)
    Hacker Mints $80 Million worth of Fake Stablecoins and Swaps Them For ETH (via Reddit)
  • Gauntlet (via Reddit)
    Gauntlet (via Reddit)