Resolv Labs Confirms No Asset Loss After USR Exploit
Resolv Labs has assured that no assets were lost following a recent exploit that minted 80 million unbacked USR tokens, causing the stablecoin's value to drop to $0.14. The issuer of USR confirmed that its collateral pool remains intact despite the incident, which led to significant market instability.
Resolv Labs Confirms No Asset Loss After USR Exploit
Resolv Labs has assured that no assets were lost following a recent exploit that minted 80 million unbacked USR tokens, causing the stablecoin's value to drop to $0.14. The issuer of USR confirmed that its collateral pool remains intact despite the incident, which led to significant market instability.
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