11h ago
Resolv Labs' USR stablecoin depegs after exploit mints 80M tokens
Resolv Labs said on Sunday that an exploit enabled an attacker to mint 50 million unbacked USR and forced the team to pause all protocol functions. PeckShield also reported an additional 30 million USR minted, while D2 Finance estimated the attacker extracted about $25 million as USR briefly traded as low as $0.025 on Curve before rebounding.