#PeckShield Alert @ResolvLabs protocol was attacked, resulting in a loss of approximately $25 million.
The attacker minted 80 million $USR using 200,000 USDC and then staked them as $wstUSR to bypass a liquidity issue.
The attacker liquidated most of the position by exchanging $wstUSR for stablecoins, and ultimately for $ETH.
Due to the 80% price drop in $USR, the attacker currently holds 11,400 $ETH (approximately $24 million) and 20 million $wstUSR (approximately $1.3 million).