Attackers minted 50M USR using 100K USDC and purchased $4.55M worth of ETH

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ETH news: According to PANews, chain analyst Ai Aye on X has outlined the Resolve attack. The attackers used 100,000 USDC to mint 50 million USR, converted 35 million into wstUSR, and swapped them for USDC and USDT. They then used USDT to purchase $4.55 million in ETH. ETH update: The exploit highlights the rapid, agile tactics employed in DeFi attacks.

PANews, March 22: On-chain analyst Aunt Ai posted an analysis on X regarding the Resolve attacker’s actions: 1. Minted 50 million USR using 100,000 USDC; 2. Converted 35 million USR to wstUSR; 3. Continuously exchanged wstUSR for USDC and USDT; 4. Used USDT to purchase ETH, having already acquired $4.55 million worth of ETH.

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