According to on-chain analyst Ai Yi (@ai_9684xtpa), the Resolve attacker minted 50 million USR using 100,000 USDC, then converted 35 million USR into wstUSR, and has been continuously exchanging wstUSR for USDC and USDT. The attacker has now used the acquired USDT to purchase approximately $4.55 million worth of ETH.
Attackers convert stolen funds to ETH worth $4.55M
TechFlowShare
Summary
ETH news: Chain analyst Ai Aye tracked that the Resolve attackers used 100,000 USDC to mint 50 million USR, then converted 35 million USR into wstUSR. They exchanged wstUSR for USDC and USDT, and later used the USDT to purchase $4.55 million worth of ETH. ETH update: The attackers have now moved the stolen funds into ETH, marking a key step in laundering the assets.
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