ChainCatcher report: Fluid has released a post-mortem on the Resolv incident, stating that on March 22, Resolv’s signature infrastructure was compromised, leading to the malicious minting of approximately $80 million in uncollateralized USR. Due to its $100 million exposure, Fluid incurred approximately $21 million in bad debt. The final resolution plan allocates $9.7 million to Resolv, $8.2 million to Fluid’s governance treasury, and $1.5 million to the team; all remaining USR within the protocol has been destroyed at the contract level by Resolv. Fluid emphasized that its smart contracts were not breached, all user funds remain secure, and the protocol remains fully solvent. Additionally, Fluid has upgraded its oracle and pricing risk management systems and will suspend buybacks while significantly reducing or eliminating FLUID incentives.
Fluid Completes Resolution of the Resolv Incident, Allocating $19.3M in Bad Debt
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Summary
Fluid has published a post-mortem of the Resolv incident, noting that the breach occurred in Resolv’s Proof of Stake (PoS) signature infrastructure on March 22, resulting in the malicious minting of approximately $80 million in uncollateralized USR. Fluid reported a $21 million bad debt from a $100 million exposure. Resolv will cover $9.7 million, Fluid’s treasury will cover $8.2 million, and the team will cover $1.5 million. The remaining USR has been burned. Fluid confirmed no compromise of its smart contracts, full solvency, and secure user funds. The protocol has upgraded its oracles and risk systems and will pause buybacks while reducing FLUID incentives.
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