A major security breach has struck Resolv Labs, sending shockwaves across the crypto market after its stablecoin USR dramatically lost its peg. The incident, which is still unfolding, highlights a deeper issue within DeFi architecture, one that even repeated audits failed to catch. According to early disclosures shared by the team on X (formerly Twitter) (Resolv Labs update: Resolv has experienced an exploit that allowed the attackers to mint 50mn of unbacked USR. The team has currently paused all the protocol functions to prevent further malicious actions and is actively working on recovery. — Resolv Labs (@ResolvLabs) March 22, 2026
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