Vladimir S. | Officer's Notes|Mar 22, 2026 06:18
An attacker just exploited Resolv Labs' USR stablecoin minting function to create at least several million unbacked USR.
Right after, attacker swapped minted USR across protocols into USDC/USDT and then ETH, extracting an estimated $25 million. Security firm PeckShield said the minting function was broken - and recovery efforts are ongoing.
I will update once I get more information.(Vladimir S. | Officer's Notes)
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