Resolv Confirms Attack, Has Suspended All Protocol Functionality

BlockBeats News, March 22, Resolv announced that "the platform experienced an attack, with the attacker minting 50 million unbacked USR. The team has halted all protocol functions to prevent further malicious actions and is actively working on recovery."

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 them for USDC and USDT. Currently, $17.24 million of USDC and USDT has been used to purchase 9111 ETH.