🚨UPDATE: RESOLV LABS' USR STABLECOIN CRASHES 75% FOLLOWING $23M EXPLOITResolv Labs' $USR stablecoin lost around 75% of its value, after a major exploit hit its ecosystem on March 22.Attackers gained access to private keys and minted 80M unbacked USR.The tokens were swapped into other assets and liquidated. Roughly $23 million was drained from the protocol.USR has since plunged below $0.30, hitting as low as $0.02.Mint and redeem functions have been paused to contain damage. ...

🚨 ALERT: Resolv Labs' USR stablecoin loses its peg after an attacker exploits its contract to mint 80 million tokens, cashing out at least $25 million. https://t.co/SbrEhAsfej ...