Resolv Labs destroyed 36.73 million USR held by hackers through contract upgrade 1 hour ago
Svmuu News: According to on-chain analyst Yu Jin, approximately 1 hour ago, Resolv Labs burned 36.73 million USR held by the hacker by upgrading the contract. On March 22, the hacker minted 80 million USR without collateral through a minting vulnerability. Approximately 34 million USR were sold by the hacker for 11,409 ETH ($24.48 million) and are stored at address 0x8ED...81C. Another approximately 46 million USR were burned by the Resolv project team from the hacker's address through a contract upgrade. The actual loss from this Resolv vulnerability exploit is $34 million.
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