Crypto
Resolv USR stablecoin loses $25 million in hack due to security flaws
Resolv\'s USR stablecoin suffered a major hacking attack that led to $80 million worth of unbacked tokens being minted and about $25 million being stolen, The Block reported on March 22. The attacker deposited 100,000 USDC into a contract and obtained 50 million USR, using a 500-times mechanism. After the attack, USR fell to $0.025 on a Curve Finance pool and later rebounded to around $0.85.
