Resolv Labs Burns 36.73M USR Tokens After Hack

Resolv Labs has burned 36.73 million USR tokens held by the attacker through a contract upgrade, onchain analyst Yujin said. The incident traces back to March 22, when the attacker exploited a minting vulnerability to create 80 million USR without collateral. The attacker sold about 34 million USR for 11,409 ETH (about $24.48 million) and moved the proceeds to address 0x8ED...81C. Resolv also destroyed roughly 46 million USR from the attacker's address via the same contract upgrade. The realized loss from the exploit is estimated at $24.48 million.