searchresults
2026-03-23
06:28

USR Stablecoin Collapse: Hackers Mint $80 Million in Unsecured Tokens, 70% Price Crash Triggers Trust Crisis

On March 23rd, USR, a stablecoin under Resolv, suffered a major security incident where attackers used leaked private keys to mint approximately $80 million in uncollateralized tokens, causing USR's price to collapse to $0.27, a decline exceeding 70%. Resolv has suspended smart contracts and destroyed 9 million abnormal tokens, with 71 million uncollateralized USR still in circulation. This incident reflects the fragility of stablecoins in terms of security and transparency, with market trust facing challenges.
liveNews.More
RESOLV0.96%