2026-03-23 13:45:49

Someone deposited $200,000 into a stablecoin protocol and walked away with $25 million in ETH 17 minutes later

Resolv's USR stablecoin lost its dollar peg today after an attacker exploited a flaw in the minting contract
He deposited $200,000 in USDC and minted 80 million USR
That's a 500:1 ratio on a token designed to always be worth $1
First mint: 50 million USR
Second mint: 30 million USR
He dumped it all across Curve and other DEXs
USR went from $1 to $0.025 in 17 minutes
The attacker swapped everything into ETH and is now sitting on 11,409 ETH worth $23.7 million
The minting role was controlled by one wallet
Not a multisig
Not audited properly
Just one key controlling an $80 million print button
Resolv claims "the collateral pool remains fully intact"
Which is technically true because the attacker didn't steal collateral
He just printed money out of thin air

ETH4,41%

CRV0,32%

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