Post #11844

Resolv Labs exploited – Attacker minted $80M in USR stablecoin Resolv has experienced an exploit – the attacker used roughly $100-200k in USDC to mint 80M $USR stablecoin, about 50M in one transaction and another 30M shortly after. That is a 400x to 500x over-mint. The newly minted tokens were dumped across DEXs, including Curve, KyberSwap, and Velodrome. The total extracted value landed somewhere around $25M, limited mainly by available DEX liquidity and slippage. The attacker’s wallet is being tracked by PeckShield, Cyvers, D2 Finance, and community researchers. A significant portion of the extracted value has already been converted to ETH. • Resolv has paused all protocol functions • Protocol’s TVL went down $144M$ to $118M • $RESOLV token price dumped by 10-15% Great research from Defiprime🔗defiprime.com/resolv-usr-exploit Top 7 Ecosystem:Alpha | X | Telegram