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Resolv Pauses USR Stablecoin After Attacker Mints 80 Million Unbacked Tokens
An attacker exploited a minting flaw in Resolv’s USR stablecoin contract, creating roughly 80 million unbacked tokens from a $200,000 USDC deposit and extracting approximately $25 million. The protocol has been paused, with USR depegging sharply before partial recovery; collateral remains intact.
Attacker exploited a flaw in the USR minting contract’s SERVICE_ROLE, minting ~80 million unbacked tokens from roughly $200,000 USDC.
Proceeds converted to ETH; primary attacker wallet holds 11,409 ETH worth ~$23.7 million plus additional wstUSR exposure.
USR depegged to $0.025 on Curve Finance within 17 minutes; later recovered partially to ~$0.85 but remains off-peg.
Resolv Labs…
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| DATE | EVENT | LOCATION |
|---|---|---|
| Feb 9-10, 2026 | The Global Blockchain Show 2026 | Riyadh |
| Feb 9-10, 2026 | Global AI Show 2026 | Riyadh |




























