Resolv Stablecoin USR Drops 92.98% to $0.07 Amid Attack

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Resolv’s stablecoin USR dropped 92.98% to $0.07 within 24 hours following a reported attack, according to TechFlow. The attacker has acquired $23.66 million in ETH, but the project claims its assets remain temporarily secure. ETH’s price has remained stable despite the incident. Traders are advised to monitor altcoins for potential volatility following this event.

According to CoinMarketCap data, following the attack on Resolv, the depegging of its stablecoin USR has worsened, with a 24-hour decline exceeding 92%, currently trading at $0.0701. Previously, it was reported that the Resolv attacker had purchased $23.66 million in ETH, while the Resolv team stated that the underlying assets remain unaffected.

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