Resolv Labs suffers a $25 million exploit, USR depegs

Resolv Labs, the protocol behind overcollateralized stablecoin USR, suffered an exploit in the early hours of Sunday, March 22. The attack, which specifically targeted USR, saw the attacker depositing about $200,000 in USDC and carting away 80 million freshly minted USR tokens. The incident caused USR, which is natively backed by Ether (ETH) and meant […]