TechFlow News, May 12: Fluid released a post-mortem report on the Resolv incident, stating that on March 22, Resolv’s signature infrastructure was compromised, leading to the malicious minting of approximately $80 million worth of uncollateralized USR. As a result, Fluid incurred roughly $100 million in exposure, resulting in approximately $21 million in bad debt. The final resolution plan is as follows: Resolv will cover approximately $9.7 million; Fluid’s governance treasury will cover $8.2 million; and the team will cover $1.5 million. The remaining USR tokens within the protocol have been burned at the smart contract level by Resolv. Fluid stated that its smart contracts were not breached, all user funds remain secure, and the protocol maintains full solvency. Additionally, Fluid has upgraded its oracle and pricing risk-control systems and will suspend buybacks and significantly reduce or eliminate FLUID incentives.
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