Resolv Labs says no collateral was lost in the USR stablecoin exploit that minted 80 million unbacked tokens and depegged USR.

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Resolv Labs suffered a security failure that let an attacker mint more than $50 million in unbacked USR stablecoins.

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Resolv Labs, the protocol behind overcollateralized stablecoin USR, suffered an exploit in the early hours of Sunday, March 22. The attack, which specifically targeted USR, saw the attacker depositing ...

Resolv USR, a stablecoin tied to Resolv Labs, has been exploited with an attacker able to mint 80 million tokens and make off with at least $25 million.