BREAKING: Resolv Labs USR Stablecoin Hacked - $25M Stolen



An attacker minted 80M USR tokens using just $200K USDC by exploiting a critical flaw in the minting contract.

Quick Facts:
→ USR dumped 95.2% from $1 to $0.04751, currently trading at $0.2 (-80% from peg)
→ Attacker dumped tokens on DEXs, bought ~9,100 ETH
→ Protocol had $500M+ TVL before the hack
→ Resolv Labs paused all protocol functions
→ Aave and Euler confirmed no risk exposure

Root cause: Likely a broken oracle, compromised signer, or missing amount validation in the mint logic.

Lesson: Yield-bearing stablecoins carry smart contract risks that USDC/USDT don't. Always verify audit history and minting mechanics before aping in.

Stay safe. DYOR.
USDC0,01%
ETH-3,81%
AAVE-4,65%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin