⚠️ Another stablecoin has broken its peg; Resolv attackers continue to maliciously issue USR.
What happened:
1) The attackers exploited a bug in the contract allowing unlimited minting/over-issuance, currently using 200,000 USDC to mint 80 million USR.
2) They then exchanged the extra USR for wstUSR → sold it off in large quantities through Curve/AMM pools → the surge in USR supply directly broke the peg, causing the price to plummet by 74%.
3) The attackers have already partially cashed out, withdrawing millions of dollars worth of ETH.
Resolv @ResolvLabs' USR is designed with Delta neutrality + ETH/BTC over-collateralization + RLP insurance layer, which originally had decent resistance to de-pegging. However, the lack of strict collateral verification and amount limit checks in the minting logic allowed attackers to mint an unlimited amount at minimal cost.
This contract passed a formal audit in August 2025, yet it still ran into problems—demonstrating that DeFi audits ≠ 100% security.
Furthermore, the massive over-issuance has directly impacted liquidity pools, exposing vaults such as USR/RLP/stUSR.
👉If you hold USR, wstUSR, USR-DOLA LP, or related yield positions, withdraw them as soon as possible to cut your losses!
Currently, the contract hasn't stopped minting, so I'm not buying cheap USR to let the attackers take over!