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Resolv Labs

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Resolv Labs halts protocol after attacker mints $80M unbacked USR stablecoins

Resolv Labs temporarily suspended its protocol after an $80 million exploit where unbacked USR tokens were minted, causing the stablecoin to lose its peg. The incident underscores persistent security vulnerabilities in DeFi protocols and raises urgent calls for improved risk management.

· 59d ago

Attacker Steals $23M in Ether by Exploiting Resolv Labs Stablecoin via AWS Key Breach

Resolv Labs suffered a breach through compromised AWS keys, allowing an attacker to mint $80 million in unbacked tokens and steal $23 million in Ether. The USR stablecoin collapsed in value, prompting emergency contract shutdowns to limit further losses.

· 74d ago