Resolv Pauses USR Stablecoin After Attacker Mints 80 Million Unbacked Tokens
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 immediately paused all protocol functions;...
