On March 22, PANews reported that Euler Labs stated on X that it has become aware of the unauthorized minting incident involving USR as reported by Resolv. The team is actively investigating the issue and, as a precautionary measure, has disabled the RLP collateral function in the Euler Yield vault on Arbitrum. Additionally, Euler Earn USDC (Arbitrum) has ceased fund allocations to Euler Yield. Euler Labs emphasized that these measures aim to isolate potential risk exposure, and the team continues to assess the impact of the incident, with further updates to be disclosed promptly.
Euler Labs Disables RLP Collateral Function Amid Unauthorized Minting of USR
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Summary
On March 22, 2026, Euler Labs disabled the RLP collateral function in Arbitrum Yield vaults following an unauthorized minting incident involving USR. The company also halted fund allocations from Euler Earn USDC (Arbitrum) to Euler Yield. This action is intended to enhance risk management and contain potential exposure while the team evaluates the impact, reflecting a continued focus on maintaining a strong risk-to-reward ratio during ongoing investigations.
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