TechFlow News: On March 23, according to an official announcement, South Korean digital asset exchange Upbit announced that, pursuant to Article 17(1)(v) of the Enforcement Decree of the Virtual Asset User Protection Act, it has designated RESOLV as a “trading alert” asset. The affected trading pairs are RESOLV/BTC and RESOLV/USDT.
This decision was jointly made by member institutions of the Digital Asset Exchange Alliance (DAXA). The alert designation period runs from 3:00 p.m. KST on March 23, 2026, to 11:59 p.m. KST on April 24, 2026. Deposit services for RESOLV will be suspended starting at 3:00 p.m. KST on March 23, 2026; all deposit requests submitted after the announcement will be rejected and refunded.
Upbit stated that it will conduct a detailed review of RESOLV in accordance with its Digital Asset Trading Support Termination Policy. Based on the review outcome, Upbit will decide whether to extend the alert period, lift the alert, or terminate trading support entirely. Further updates will be announced separately.
Earlier reports confirmed that Resolv Labs suffered a vulnerability exploit. The team reported that attackers minted 50 million USR (analysts estimate the minted amount reached 80 million USR), and the protocol has suspended all functions.
