Resolv Labs: 9 million illegally minted USR have been destroyed, do not trade related tokens during the implementation of recovery measures

Resolv Labs issued an update regarding a security incident, stating that a malicious attacker illegally accessed Resolv's infrastructure through a stolen private key and minted approximately $80 million worth of uncollateralized USR. The relevant smart contracts have been quickly paused, and approximately 9 million USR held by the attacker have been destroyed to mitigate potential impact.

Currently, the protocol holds about $141 million in assets, with the confirmed actual impact being only about $500,000 in redemptions processed before the pause. The current USR supply consists of approximately 102 million tokens before the incident and about 71 million newly minted illegal tokens. As the first step towards recovery, Resolv plans to allow redemptions of pre-incident USR starting from March 23, 2026, for whitelisted users. Affected users should coordinate directly with RDAL through official channels.

The announcement stated that the incident stemmed from unauthorized actions by a third party, including targeted infrastructure attacks. Resolv's underlying collateral has not been directly compromised. The team is tracking and attempting to control the illegally minted USR and other affected assets, coordinating with partners and counterparties, and working with law enforcement and on-chain analysis companies to trace the responsible parties. Resolv strongly advises against trading USR or related Resolv tokens during the implementation of recovery measures, as user trading behavior after the incident may affect the recovery process.