TechFlow News: On March 24, Resolv Labs announced early this morning that, in response to the prior vulnerability exploit—which led to the uncollateralized minting of approximately 80 million USR tokens—its team has sent an on-chain message to the attacker’s address, formally proposing a settlement agreement.
The specific terms are as follows: The attacker must return 90% of the converted funds (approximately $25 million worth of ETH) to a designated recovery address and may retain the remaining 10% as a settlement incentive. Additionally, the attacker must cease all subsequent actions involving the stolen funds and transfer all USR tokens under their control to the same recovery address. These requirements must be fulfilled within 72 hours of this announcement’s publication.
Resolv Labs stated that if the attacker fails to comply within the stipulated timeframe, the team will escalate its response—including coordinating with centralized exchanges, cross-chain bridges, and infrastructure service providers to freeze related assets; publicly disclosing the attacker’s address and transaction-tracking information; collaborating with blockchain analytics firms and law enforcement agencies; and pursuing legal action to recover losses. The investigation remains ongoing.
