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Resolv exploit triggers USR depeg after $80M uncollateralized mint

Resolv protocol was exploited due to a private key compromise, leading to an unauthorized mint of approximately $80M in unbacked USR stablecoins. This inflated the total supply by 71M tokens, causing a severe depeg—USR fell 56% to around $0.19. The team paused contracts, burned 9M of the attacker’s tokens, and confirmed that underlying collateral remains intact with only $0.5M in losses from redemptions. Recovery efforts include allowlisted redemptions and tracing illicit tokens. The incident highlights risks from over-reliance on off-chain controls in DeFi minting mechanisms.

ambcryptoHace 14 hora(s)

Resolv exploit triggers USR depeg after $80M uncollateralized mint

ambcryptoHace 14 hora(s)

Truebit Confirms Smart Contract Exploit as TRU Price Crashes

Truebit, an Ethereum-based DeFi protocol, confirmed a smart contract exploit on January 8. The incident involved a logic flaw in a minting contract that allowed an attacker to repeatedly exploit incorrect pricing calculations, leading to a loss of 8,535 ETH (approximately $26.44 million). Following the announcement, the price of the TRU token collapsed by 99.99%, dropping from $0.16 to nearly zero. Truebit is working with law enforcement and has advised users to avoid interacting with the affected contract. No official recovery plan has been released yet.

TheNewsCrypto01/09 07:29

Truebit Confirms Smart Contract Exploit as TRU Price Crashes

TheNewsCrypto01/09 07:29

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