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Resolv Labs: Unauthorized USR casting still under investigation

Panewslab • March 22, 2026

PANews reported on March 22 that Resolv Labs stated on its X platform that the security incident involving the unauthorized minting of USR tokens is still under investigation. Currently, the collateral pool remains fully saturated, and no underlying assets have been lost. The issue appears to be limited to the USR issuance mechanism. The team's current priorities include controlling the spread of the incident, assessing the potential impact, and ensuring that legitimate users are not affected. They will continue to advance the investigation and disclose further developments as soon as possible.

The full story

This article is one source in a clustered incident — the cluster page carries the summary, timeline and every other outlet covering it.

Resolv Labs Faces $25M Exploit as USR Stablecoin Minting Mechanism Compromised On March 22, 2026, Resolv Labs reported a significant security breach where an attacker exploited the minting mechanism of its USR stablecoin, generating approximately 80 million uncollateralized tokens. The attacker gained access to the protocol's private keys, allowing them to mint the tokens with only $100,000 to $200,000 in collateral. Following the minting, the attacker swiftly converted the USR into Ethereum, extracting around $25 million in value. The exploit caused USR to depeg from its $1 value, dropping as low as $0.14 before partially recovering. Resolv Labs has since paused all protocol functions and destroyed 9 million of the illegally minted tokens to mitigate further impact. The incident highlights vulnerabilities in DeFi protocols, particularly regarding off-chain components and minting controls. Investigations are ongoing to assess the full scope of the damage and to recover lost funds. 22 sources 66

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Resolv Labs X