USR Stablecoin Collapse: Hackers Mint 80 Million Dollars in Uncollateralized Tokens, Price Plummets 70% Triggering Trust Crisis
On March 23, Resolv's stablecoin USR suffered a major security incident. Attackers exploited a private key leak to mint approximately 80 million dollars in unbacked tokens, causing USR's price to collapse to $0.27, a decline exceeding 70%. Resolv has suspended smart contracts and destroyed 9 million anomalous tokens, while 71 million unbacked USR tokens remain in circulation. This incident reflects the vulnerability of stablecoins in terms of security and transparency, and poses challenges to market confidence.
