BitGo has launched a new institutional service that enables clients to mint, redeem, and manage stablecoins within a single platform, starting with USD1 and SoFiUSD. This initiative aims to streamline stablecoin operations for institutions by integrating issuance and custody functions.

NYSE partners Securitize to build tokenized securities platform enabling on-chain trading and settlement. Securitize named digital transfer agent to mint securities and manage ownership on blockchain systems. Platform targets institutional use with continuous trading and

NYSE partners Securitize to build tokenized securities platform enabling on-chain trading and settlement. Securitize named digital transfer agent to mint securities and manage ownership on blockchain systems. Platform targets institutional use with continuous trading and

A security breach at Resolv Labs allowed attackers to mint 80 million uncollateralized USR stablecoins, causing a price collapse and market instability. Resolv paused contracts, burned illicit tokens, and confirmed $141 million in secure collateral.

Resolv Labs proposed a settlement plan requiring the attacker to return 90% of approximately $25 million in stolen funds within 72 hours, with the option to retain 10% as an incentive. If the attacker does not comply, escalated measures such as asset freezing, public disclosure of addresses, and legal action will be taken. The incident was caused by the attacker exploiting stolen private keys to illegally mint USR tokens, leading to losses. Affected users should suspend trading and coordinate recovery through official channels.

A stablecoin tied to the crypto project Resolv Labs has lost its peg to the US dollar after an attacker was able to exploit the token’s contract to create millions of tokens for themselves. Resolv Labs posted to X on Sunday that it had experienced an exploit that allowed an attacker to mint 50 mill

A security breach at Resolv Labs allowed attackers to mint 80 million uncollateralized USR stablecoins, causing a price collapse and market instability. Resolv paused contracts, burned illicit tokens, and confirmed $141 million in secure collateral.

Resolv Labs faced a security breach where attackers minted 50M unbacked USR tokens, causing a rapid sell-off that depegged USR. Recovery efforts are ongoing, with losses estimated at $25M, while protocol operations remain paused.

DeFi protocol Resolv exploited by hackers who used a vulnerability to mint 80 million unbacked stablecoin USR at low cost, cashing out approximately $25 million and triggering stablecoin depegging and lending market turmoil. Although officials claimed the collateral pool remained intact, experts criticized weak permission controls and lack of effective security safeguards. This incident reveals potential risks of stablecoins and the impact of supply inflation on markets.

Resolv Labs' USR stablecoin lost its dollar peg and fell over 70% after an attacker exploited a compromised key to mint $80 million in uncollateralized tokens, resulting in a $25 million cash-out. The firm is working with authorities to investigate the breach.