Resolv Labs burns hacked USR as exploit losses hit $34m
Resolv Labs burns hacked USR as exploit losses hit $34m
Resolv Labs used a contract upgrade to burn 36.73m USR from the attacker’s address after March’s minting exploit.The attacker created 80m unbacked USR with under $200k in collateral and dumped 34m USR for about 11,409 ETH (~$24.48m).The episode spotlights DeFi key management failures as Resolv faces an estimated $34m net loss despite claiming its collateral pool is intact.
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