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Hundreds of contracts settled in USDT or BTC
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CandyDrop
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I just followed a pretty interesting attack on Resolve. This hacker minted 50 million USR from just 100,000 USDC, then converted it to wstUSR to hide the traces. Their method is quite sophisticated, continuously swapping wstUSR for USDC and USDT to avoid detection.
The most notable part is that afterward, they used all their USDT to buy Ethereum. So far, they have accumulated about $4.55 million worth of ETH. With Ethereum's current price around $2.32k, this amount is not small. Seeing blockchain analysts tracking this activity, there might be some action from Resolve or the community soon.
Surprisingly, the initial 100,000 USDC could turn into 50 million USR. This indicates there might be an issue with this project's minting mechanism. Is anyone else following this situation?