Attackers minted 80M USR using 200K USDC and converted it to ETH

KuCoinFlash

Release Time: 03/22/2026 04:05:41

Summary

ETH news: According to Blockbeats, on March 22, 2026, attackers exploited the Resolv protocol by using 200,000 USDC to mint 80 million USR. They converted the USR into wstUSR, then back to USDC and USDT, using 17.24 million in stablecoins to purchase 9,111 ETH. The attackers are still converting USR into stablecoins and may continue buying additional ETH.

BlockBeats news, on March 22, according to Onchain Lens monitoring, the Resolv attacker spent 200,000 USDC to mint 80 million USR. Subsequently, the attacker converted USR to wstUSR, then exchanged it back to USDC and USDT.

$17.24 million in USDC and USDT has been used to purchase 9,111 ETH. The attacker is still converting USR into USDC and USDT and may continue buying more ETH.

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