Resolv Foundation Unveils Recovery Plan for USR Security Incident

Resolv Foundation Unveils Recovery Plan for USR Security Incident

First seen 27 May 2026, 23:29 UTC BitgetPanewslab 96% similarity 51.1

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On March 22, 2026, the Resolv Foundation faced a security incident involving illegally minted USR tokens, which led to the suspension of operations. The foundation has now announced a recovery plan that differentiates between user categories, including direct holders of USR/wstUSR, LP positions, and RLP holders. Users holding USR/wstUSR before the incident will receive a 1:1 exchange for USDC, while those who acquired it afterward will receive a 1:0.5 ratio. The RLP reference price has been adjusted to 55% of its last pre-incident value, allowing 1 RLP to be exchanged for 0.71 USDC and 2.71 RESOLV tokens. A total of 10% of the RESOLV token supply will be allocated for recovery, with 70% directed to affected RLP holders. Recovery payments can be claimed from May 26 to August 26, 2026. Additionally, Resolv has launched a new business line, Vault Street, which will focus on tokenized real-world assets, with its first product, primeUSD, set to launch publicly in June.

Key Points: • USR tokens were illegally minted, prompting a protocol suspension. • Recovery plan includes differentiated compensation for various user categories. • Claim period for recovery payments runs from May 26 to August 26, 2026.

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Timeline

2026-03-22
USR security incident occurs
Illegally minted USR tokens enter the market, leading to the suspension of protocol operations.
Panewslab
2026-05-26
Recovery payments claim period opens
Affected users can begin claiming recovery payments as part of the Resolv Foundation's recovery plan.
Bitget
2026-06-01
Launch of primeUSD product
Resolv Foundation's new product, primeUSD, focusing on tokenized real-world assets, is expected to launch publicly.
Panewslab

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