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TechFlow news: On March 22, according to an official announcement, the stablecoin protocol Resolv confirmed it had been attacked. Exploiting a vulnerability, the attacker minted $50 million worth of USR stablecoins without collateral backing. Following the incident, the Resolv team immediately paused all protocol functions to prevent the attacker from carrying out further malicious actions and stated that recovery efforts are underway.
According to an official announcement, the stablecoin protocol Resolv confirmed it had been attacked; the attacker exploited a vulnerability to mint 50 million uncollateralized USR stablecoins. Following the incident, the Resolv team has urgently suspended all protocol functionality to prevent the attacker from carrying out further malicious actions and stated that recovery efforts are underway.
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