Venus: Due to a UST Depegging Event, the Flux Market has suspended UST Trading

BlockBeats News, March 22nd, Venus Protocol announced that "Due to the stablecoin USR issued by Resolv being exploited, trading of USR on the Venus Flux market has been suspended. Venus Core is unaffected, and all user funds are safe. We are actively monitoring the situation and will provide updates in a timely manner as more information becomes available."

Earlier reports indicated that the Resolv attacker spent 200,000 USDC to mint 80 million USR. Subsequently, the attacker converted USR to wstUSR, then exchanged it for USDC and USDT. Currently, $17.24 million worth of USDC and USDT has been used to purchase 9,111 ETH.