USR STABLECOIN COLLAPSES BELOW $0.50 AFTER MAJOR EXPLOIT 📉

Following an exploit targeting the Resolv platform, the USD-pegged stablecoin USR experienced a severe depeg, dropping as low as $0.40. Critical logic flaws in minting and swap mechanics allowed an attacker to mint approximately 50 million unbacked USR tokens with minimal capital. This event highlights persistent dangers in DeFi infrastructure and the challenges of restoring trust after collateral integrity is compromised.

Liquidity pools were drained as the attacker swiftly converted and dispersed the unbacked tokens. Monitor the fallout and potential recovery on top-tier exchange.

Not financial advice. Manage your risk.

#DeFi #Stablecoin #Exploit #CryptoNews

💥