Resolv Labs Stablecoin USR Depegs by 74% After $25 Million Exploit
Resolv Labs Stablecoin USR Depegs by 74% After $25 Million Exploit
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Resolv Labs' stablecoin, USR, suffered a severe depeg, plunging 74% of its value following a $25 million exploit. The attacker was able to illegally mint 80 million USR tokens due to a compromised key, causing the stablecoin to lose its intended dollar peg.
Resolv Labs Stablecoin Depegs, Plunges 74% After $25M Exploit
A compromised key enabled an attacker to illegally mint 80 million USR tokens, causing the stablecoin to lose its dollar peg.