Resolv Protocol hacked, $80M in USR minted without authorization

Resolv Digital Assets, the operator of the Resolv Protocol, announced via X that it has suffered an infrastructure breach, leading to the unauthorized minting of its unsecured stablecoin, USR. According to the project, a hacker used a stolen private key to mint approximately $80 million worth of USR. The team immediately paused the relevant smart contract. To prevent further damage, approximately 9 million USR held by the attacker were burned. The protocol currently holds about $141 million in assets, with the actual confirmed losses estimated at $500,000. The project advised users to refrain from trading USR and related tokens while recovery measures are in progress.