Resolv Labs Destroys 9 Million Illegally Minted USR Tokens Amid Security Incident

ChainCatcher report: Resolv Labs has issued an update regarding the security incident, stating that a malicious actor gained unauthorized access to Resolv’s infrastructure via stolen private keys and minted approximately $80 million in unminted USR. The relevant smart contracts were promptly paused, and approximately 9 million USR held by the attacker have been burned to mitigate potential impact. The protocol currently holds about $141 million in assets, with confirmed actual losses limited to approximately $500,000 in redemptions processed prior to the pause. The current USR supply consists of 102 million tokens prior to the incident and approximately 71 million newly minted illicit tokens. As the first step toward recovery, Resolv plans to begin allowing redemptions of pre-incident USR from whitelisted users starting March 23, 2026. Affected users should coordinate directly with RDAL through official channels. The announcement attributes the incident to unauthorized third-party actions, including targeted infrastructure attacks. Resolv’s underlying collateral remains unaffected. The team is actively tracking and attempting to contain the illicitly minted USR and other affected assets, coordinating with partners and counterparties, and working with law enforcement and on-chain analysis firms to identify those responsible. Resolv strongly advises against trading USR or any related Resolv tokens during the recovery period, as user trading activity post-incident may impact the recovery process.