Resolv attack causes USR to plummet to $0.29, RESOLV drops over 10%

Chainthink

Release Time: 03/22/2026 07:00:47

Summary

The Resolv attack involved sending altcoins to watch as USR plummeted to $0.29, while RESOLV dropped over 10% in 24 hours. Attackers used 200,000 USDC to mint 80 million USR, converted them into wstUSR, and swapped them for USDC and USDT. Over $17 million in stablecoins has been used to purchase 9,111 ETH. The incident may drive the Fear & Greed Index further into fear territory as market volatility increases.

ChainThink reports that on March 22, according to market data, following the attack on Resolv, its stablecoin USR fell 69.1% over 24 hours, trading at $0.29. RESOLV declined over 10% in the same period, currently priced at $0.0549.

Previously reported, the Resolv attackers spent 200,000 USDC to mint 80 million USR. Subsequently, the attackers converted USR to wstUSR, then exchanged it for USDC and USDT. So far, $17.24 million in USDC and USDT has been used to purchase 9,111 ETH.

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