Resolv Labs’ USR Stablecoin Exploited: Attacker Mints $80M With Just $200K

TLDR: Resolv Labs’ USR minting contract was exploited, allowing 50M USR to be minted with only 100K USDC in a 500x flaw. USR dropped 74.2% to $0.257 before partially recovering to $0.85, leaving liquidity providers with heavy losses. PeckShield confirmed $80M worth of USR was minted, with over $4.55M already converted into approximately 9,100 ETH. [...]

The post Resolv Labs’ USR Stablecoin Exploited: Attacker Mints $80M With Just $200K appeared first on Blockonomi.