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TechFlow News: On March 22, according to on-chain analyst Ai Aunt (@ai_9684xtpa), ResolvLabs’ stablecoin appears to have suffered a vulnerability. An address minted 50,000,000 USR tokens using only 100,000 USDC, causing USR’s price to plummet temporarily to $0.257—a 74.2% drop. The price has since rebounded to $0.8606. The team has not yet responded.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), ResolvLabs’ stablecoin is suspected of having a vulnerability: one address minted 50,000,000 USR tokens using just 100,000 USDC, causing USR’s price to plummet temporarily to $0.257—a 74.2% drop—before recovering to $0.8606. The team has not yet responded.
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