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Resolv Labs’ USR Stablecoin Crashes 74% After $25M Exploit Using Compromised Key
A DeFi platform’s stablecoin has depegged and plunged more than 70% in value after an attacker exploited a compromised private key to mint $80 million in uncollateralized tokens. Resolv Labs’ USR stablecoin lost its peg to the U.S. dollar on Sunday following the breach, with the attacker successfully extracting roughly $25 million in actual value…
