Odaily Planet Daily report: According to on-chain analyst Yujin, approximately one hour ago, Resolv Labs destroyed 36.73 million USR held by the hacker via a contract upgrade. On March 22, the hacker exploited a minting vulnerability to mint 80 million USR without collateral. Of this amount, approximately 34 million USR were sold by the hacker for 11,409 ETH ($24.48 million), which were deposited into the address 0x8ED...81C. Approximately 46 million USR were destroyed by the Resolv team via the contract upgrade from the hacker’s address. The actual loss from this exploit incident amounts to $24.48 million.
Resolv Labs Burns 36.73M USR Tokens Following Hacking Incident
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Summary
Resolv Labs burned 36.73 million USR tokens following a hacking incident, according to Odaily. The attacker exploited a minting vulnerability on March 22 to create 80 million USR without collateral. Approximately 34 million were sold for 11,409 ETH, worth $24.48 million at the time, with the ETH price slightly declining after the attack. The remaining 46 million were destroyed, resulting in a $34 million loss. Altcoins to watch may include USR as the market absorbs the aftermath.
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