Resolved: Attackers converted wstUSR to USDC and USDT, purchased $4.55M in ETH

Chainthink

Release Time: 03/22/2026 03:40:45

Summary

ETH news: Attackers linked to the Resolv exploit are converting wstUSR into USDC and USDT. They used 100,000 USDC to mint 50 million USR, then converted 35 million into wstUSR. So far, they have exchanged wstUSR for stablecoins and used USDT to purchase ETH, totaling $4.55 million in ETH. ETH update: Ongoing activity underscores continued movement following the exploit.

ChainThink reports that on March 22, on-chain analyst Ai Yi (@ai_9684xtpa) monitored that the Resolv attacker performed the following actions:

· Mint 50 million USR using 100,000 USDC;

Convert 35 million USR to wstUSR;

· Continuously exchanging wstUSR for USDC and USDT;

· Bought ETH with USDT, currently purchased $4.55 million worth of ETH.

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