PANews, March 22: According to on-chain analyst Yujin, the attacker who exploited a minting vulnerability in the Resolv stablecoin USR to create 80 million USR using 200,000 USDC has now converted the majority of their USR into ETH. They have already sold 43.26 million USR to acquire USDC and USDT, then purchased 11,437 ETH (worth $23.84 million). The remaining 36.74 million USR are still being sold, but due to USR’s 88% price decline, their current value is only $2.04 million.
Attackers convert 80M USR to ETH; remaining USR valued at $2.04M
PANewsShare
Summary
Attackers exploited a minting vulnerability in Resolv’s USR, creating 80 million tokens using only 200,000 USDC. They later exchanged 43.26 million USR for 11,437 ETH, valued at $23.84 million, via USDC and USDT. The ETH price remains under pressure, while the remaining 36.74 million USR trade at an 88% discount, worth $2.04 million. Altcoins to monitor amid ongoing market volatility may include USR.
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