On Sunday, the Resolv protocol experienced a severe cyber breach, marking one of the most significant incidents in decentralized finance lately. The vulnerability in its USR stablecoin system allowed unauthorized minting of 80 million unbacked tokens, culminating in approximately $25 million in losses in Ethereum, impacting users and the protocol.
Continue Reading:Breach in Stablecoin Protocol Leads to Massive Financial Loss
Source: https://en.bitcoinhaber.net/breach-in-stablecoin-protocol-leads-to-massive-financial-loss
