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Observer Observer @observer · 16.2K subscribers
Post #7057 3.42K
⚠️ JUST IN: Resolv USR stablecoin was exploited resulting in a $25M loss.

The attacker compromised Resolv's SERVICE_ROLE private key (a single unprotected EOA) and used it to call completeSwap() with a massively inflated mint amount, exploiting the fact that the contract never validated the output against the actual collateral deposited. Two calls turned ~$200k of USDC into ~80M USR, which was dumped for ~$25M before the protocol paused.

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