ResolvLabs stablecoin appears to have a vulnerability, with 100,000 USDC creating 50 million USR.

PA一线
PA一线

PANews reported on March 22 that, according to on-chain analyst Ai Yi, a vulnerability has been suspected in the ResolvLabs stablecoin. The team has not yet responded. 100,000 USDC were used to create 50 million USR, causing USR to plummet to $0.257, a drop of 74.2%, before recovering to $0.7847.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Telegram Discussion Group
Telegram News Channel
@PANews
Recommended Reading
PA一线

PA一线

Resolv Labs has officially confirmed that it was attacked by a vulnerability and has suspended all protocol functions.
PA一线

PA一线

Binance will discontinue support for deposits and withdrawals of certain tokens on some networks.
PA一线

PA一线

Binance will add watch tags to several tokens, including FARM and HIGH, and remove the seed tag from XAUT.
PA一线

PA一线

Resolv Labs destroyed 36.73 million USR tokens held by the hackers by upgrading the contract.
PA一线

PA一线

Resolv's founder denied rumors of insider involvement in the exploit, but has yet to provide a specific timeline for a recovery plan.
PA一线

PA一线

Gauntlet provides an update on the Resolv vulnerability resolution: The USDC Frontier has been deactivated and vaults will be gradually reopened.

Popular Articles

Industry News
Market Trends
Curated Readings
Subscribe
PANews App
24/7 blockchain news tracking and in-depth analysis.
Download PANews App
App StoreGoogle Play
PANews APP
Paul Chan: Global asset allocation diversification is accelerating, with digital asset ETFs becoming an important new investment option.
PANews Newsflash