Search results for "USR"
Today
01:41

Resolv Labs Plans to Enable Pre-Attack USR Redemption Feature on March 23

Resolv Labs announces the enablement of redemption functionality for pre-attack USR, scheduled to launch on March 23rd, with affected users required to contact RDAL. This incident stemmed from a third-party attack, with underlying assets remaining uncompromised. The protocol is currently tracking illegally minted USR and recommends users suspend related transactions.
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RESOLV-0,52%
01:27

Fluid Obtains Short-Term Loan to Cover 100% of Protocol Bad Debt, User Funds Secure

The Fluid team has secured short-term loans covering 100% of non-performing debt to ensure user funds safety. ResolvLabs will handle USR positions prior to the security incident, and investors intend to increase FLUID holdings to strengthen protections. Smart contracts are functioning normally, market operations are stable, with potential interest rate fluctuations possible.
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FLUID-17,43%
09:47

Fluid Suspends USR Market Trading Due to Resolv Hack Incident, Commits to Full Compensation for Potential Bad Debts

Gate News reported that on March 22, DeFi protocol Fluid released an announcement stating that it learned of the Resolv hacker incident. Fluid's automatic credit limit mechanism prevented excessive borrowing of funds, and the USR market has been suspended from trading with the situation under control. Fluid stated that if there are any bad debts remaining on the protocol, all user losses will be fully compensated. User funds and protocol security are Fluid's top priorities, and a comprehensive review is currently underway. A detailed post-mortem analysis report will be released after the investigation concludes.
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FLUID-17,43%
08:41

Resolv Labs Stablecoin USR Depegs to $0.06

Gate News reports that on March 22, according to CoinMarketCap data, USR, a stablecoin issued by Resolv Labs, has depegged to approximately $0.06. Previously affected by a hacker attack, USR once fell to around $0.25, subsequently rebounding to a high of approximately $0.94.
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06:37

Resolv Labs: Collateral Asset Pool Remains Adequate, No Underlying Asset Losses Incurred

Gate News reported on March 22 that Resolv Labs issued a statement on the X platform stating that the security incident involving unauthorized minting of USR tokens remains under investigation. Currently, the collateral asset pool remains fully adequate, with no loss of underlying assets, and the issue appears to be limited to the issuance mechanism of USR. The team's current priorities include containing the incident, assessing potential impacts, and ensuring that legitimate users are not affected. Resolv Labs stated that it will continue to advance the investigation and disclose more progress as soon as possible.
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05:41

Gauntlet: Majority of Treasury Unaffected by USR Abnormal Issuance Event

Gate News reports that on March 22, DeFi risk management protocol Gauntlet released a statement stating that the USR abnormal issuance event did not affect most Gauntlet treasuries, with limited impact on a small number of high-yield vaults. Gauntlet stated that it will continue to update information and release subsequent progress based on the team's response to the current situation and liquidity management.
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