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Vladimir S. | Officer's Notes
Vladimir S. | Officer's Notes|Mar 22, 2026 06:18
An attacker just exploited Resolv Labs' USR stablecoin minting function to create at least several million unbacked USR. Right after, attacker swapped minted USR across protocols into USDC/USDT and then ETH, extracting an estimated $25 million. Security firm PeckShield said the minting function was broken - and recovery efforts are ongoing. I will update once I get more information.(Vladimir S. | Officer's Notes)
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Timeline

Apr 18, 20:42The Lido Earn team is aware of the Kelp DAO vulnerability.
Apr 17, 14:32The USDC Treasury has just minted 500,000,000 USDC
Apr 17, 09:37Singapore Gulf Bank Launches Stablecoin Service
Apr 17, 03:52Bybit Card Benefits Maxed Out
Apr 16, 17:58The DAO approved redirecting DVT incentives to the Lido Earn strategy
Apr 16, 14:43Diversified Revenue Base of Sky Agent Network
Apr 16, 14:40ETH Rangers Project Closure Report Released
Apr 15, 15:50Tether withdrew 951 BTC from Bitfinex
Apr 14, 08:08GUSD Minting Newcomer Benefits Phase 11
Apr 13, 19:09HARMONY minting is now viewable on Opensea

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