Resolv's USR stablecoin exploited for $50M via minting vulnerability; token depegged to $0.03 before partial recovery to $0.60.

Security & Exploits · 2026-03-22

An attacker exploited a minting vulnerability in Resolv's USR stablecoin, creating $50 million in tokens using $100,000 worth of USDC. The token depegged sharply to $0.03 before recovering to $0.60, and the Resolv team has not yet released a postmortem or public statement about the incident.

Previously on Telem

Resolv protocol exploited for 80M unbacked USR tokens 2026-07-05
Resolv protocol exploited for $25M, 80M USR tokens minted illicitly 2026-07-05
Chainalysis traces Resolv's $25M exploit to compromised AWS key 2026-07-05
Attacker mints $77M fake eBTC on Monad, steals $870K WBTC 2026-07-05
Resolv Labs USR stablecoin crashes 74% after $25M exploit 2026-07-05