Episode Details
Back to EpisodesUSR Stablecoin Exploit: $80M in Unbacked Tokens
Published 1 week, 4 days ago
Description
Resolv Labs USR stablecoin faces insolvency after a major exploit, with seventy-one million unbacked tokens in circulation. The team is prioritizing redemptions for original holders, but annual fees are lost and bad debt may accumulate in DeFi lending pools. Recovery efforts are ongoing, with warnings against trading USR.
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