USR Stablecoin Exploit: $80M in Unbacked Tokens
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Resolv Labs USR stablecoin faces insolvency after a major exploit, with seventy-one million unbacked tokens in circulation. The team is prioritizing redemptions for original holders, but annual fees are lost and bad debt may accumulate in DeFi lending pools. Recovery efforts are ongoing, with warnings against trading USR.
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