Fluid's post-mortem on the Resolv incident states that on March 22, Resolv suffered a compromise of its signature infrastructure, resulting in 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 have been burned at the contract level by Resolv. Fluid confirms that its smart contracts were not compromised, all user funds remain secure, and the protocol remains fully solvent. Additionally, Fluid has upgraded its oracle and pricing risk systems and will suspend buybacks while significantly reducing or eliminating FLUID incentives.
Fluid Completes Resolution of the Resolv Incident, with $19.3M in Bad Debt Shared Among Parties
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Summary
Fluid has completed the resolution of the Resolv incident, with a $19.3 million bad debt shared among the parties. On March 22, Resolv’s infrastructure was compromised, resulting in the unauthorized minting of $80 million in uncollateralized USR. Fluid incurred a $21 million loss from a $100 million exposure. Resolv, the governance treasury, and the team covered $9.7 million, $8.2 million, and $1.5 million respectively. The remaining USR has been burned. Fluid confirmed no breach occurred, user funds remain secure, and full solvency has been maintained. Upgrades to oracles and risk control systems have been completed. Buybacks will be paused, and FLUID incentives will be reduced. The incident underscores the importance of evaluating risk-to-reward ratios and understanding key support and resistance levels in DeFi risk management.
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