resolv

According to the official announcement from Binance, starting from April 23, 2026, 08:00 (UTC), Binance will suspend deposits and withdrawals of Highstreet (HIGH) and Resolv (RESOLV) on BSC.

Patrick Witte, the Executive Director of the White House Digital Assets Presidential Advisory Committee, stated on Monday that substantive progress is being made in Senate negotiations surrounding the Clarity Act, with a compromise reached on the issue of stablecoin yields expected to hold, and the focus of negotiations has shifted to other unresolved topics.The issue of stablecoin yields was previously the biggest obstacle to advancing the bill. Banking lobbyists successfully persuaded some senators that providing yields similar to bank interest to stablecoin holders would threaten the traditional banking deposit base, causing the bill to reach an impasse. Witte stated, "We hope that the compromise reached will be durable and stable. Resolving this issue is a prerequisite for advancing other pending matters." Last week, the White House economic advisors released a report downplaying the risk concerns raised by the banking industry; in response, the American Bankers Association rebutted on Monday, claiming the White House's arguments were flawed.In addition to stablecoin yields, the bill also faces several disagreements, including illegal financial protection mechanisms in the DeFi space and a demand from Democrats to prohibit senior government officials (specifically targeting President Trump) from profiting from the crypto industry. Witte did not disclose which topics have reached consensus but indicated that negotiations have "made considerable progress behind the scenes," stating, "We are very close to comprehensively resolving these issues." The Clarity Act still needs to go through the Senate Banking Committee's markup review process before being submitted for a full Senate vote. Witte expressed optimism about reaching a final agreement, noting that many issues that previously seemed stuck have gradually been resolved.

Liquid Capital (formerly LD Capital) founder Yi Lihua stated on Twitter that wherever there are people, there are grievances, and wherever there are grievances, there is a community. He has heard these community stories from the parties involved multiple times, but we can only be bystanders.Yi Lihua called for the parties involved (CZ, Xu Mingxing, Li Lin, Sun Yuchen, He Yi) to resolve this historical grievance and work together to build the industry and prices. He mentioned that gossip and grievances sound exciting, but wallets are more important to everyone.It is reported that CZ mentioned past interactions with Li Lin, Xu Mingxing, and others in his new book, and discussions about the related events are currently trending on platform X.

According to on-chain analyst Yu Jin's monitoring, about 1 hour ago, Resolv Labs destroyed 36.73 million USR held by the hacker through a contract upgrade.The hacker minted 80 million USR through a minting vulnerability without collateral, of which approximately 34 million USR were sold off by the hacker for 11,409 ETH (24.48 million USD) stored at the address 0x8ED...81C. Additionally, about 46 million USR were destroyed from the hacker's address by the Resolv project team through a contract upgrade. The actual loss from this vulnerability exploitation incident for Resolv is 34 million USD.

Resolv Labs co-founder Ivan released an update on the protocol security incident and subsequent recovery progress. It is reported that whitelisted USR users can redeem first, mainly because their wallets have been verified, and the Resolv team can manually process within 24 hours to control risks. Currently, 98% of related redemptions have been completed.For non-whitelisted USR holders before the vulnerability occurred, Resolv promises to redeem at a 1:1 ratio as well, but the relevant redemption technical plan is still being finalized.Regarding whether there are internal personnel involved, Ivan stated that no evidence of internal participation has been found so far. For USR holders, LPs, and RLP holders after the vulnerability occurred, the subsequent processing involves legal, technical, and ecological coordination among multiple parties, and there is no single solution at this time. A complete recovery plan does not yet have a clear timetable, and the follow-up will be completed as soon as possible while ensuring prudent progress.Previously, the Resolve attacker used 200,000 USDC to mint 80 million USR.

DeFi research and risk management company Gauntlet updated on the X platform regarding the progress of the Resolv vulnerability handling. Currently, the USDC Frontier (v1) on the Base network has been removed from all Resolv markets, with no bad debt risk.The v1 and v2 vaults have now reopened for deposits, and Morpho will remove the interface warning tomorrow. The mainnet USDC Frontier (v2) vault restart operation is underway. Based on the existing time lock arrangements, the submission limit for the v1 market adapter is 3 days, and the removal of the v1 Vault adapter is 5 days. Gauntlet stated that further details on the remaining vaults will be provided based on subsequent updates from Resolv.

DeFi research and risk management company Gauntlet posted an update on the X platform regarding the progress of the Resolv vulnerability handling. The USDC Frontier (v1) on the Base network has been removed from all Resolv markets, with no bad debt risk.The v1 and v2 vaults are now reopened for deposits, and Morpho will remove the interface warning tomorrow. The restart operation for the mainnet USDC Frontier (v2) vault is underway. Based on the existing time lock arrangements, the submission limit for the v1 market adapter is 3 days, and the removal of the v1 Vault adapter is 5 days. Gauntlet stated that further details about the remaining vaults will be provided based on subsequent fixes from Resolv.

According to Binance spot data, the market has experienced significant fluctuations. KAVA has dropped 13.91% in the last 24 hours, and RESOLV has decreased by 12.35%, both showing a "high and then falling back" state.At the same time, LDO and MET have reached new highs today, with increases of 5.13% and 9.89%, respectively. Other tokens such as SEI and IDEX have reached new lows for the week, with declines of 7.78% and 30.67%.Additionally, C, CFG, and IOTX have also shown a "high and then falling back" state, with declines of 7.44%, 7.02%, and 7.54%, respectively.

Resolv Labs posted on platform X, strongly advising users not to trade or purchase USR stablecoins. On-chain data shows that USR illegally minted by attackers has been mixed with normal USR from before the attack in multiple wallets and continues to circulate in the secondary market. The official pointed out that the illegally minted USR has no collateral support and does not have redemption rights, and any current transactions may involve contaminated assets, increasing the complexity of subsequent asset recovery and handling.Resolv Labs stated that they are still in the early stages of assessing compensation plans for affected users and cannot make any guarantees at this time, and ongoing trading activities may further limit potential compensation options. The team mentioned that they are closely collaborating with relevant protocol parties to develop solutions and will announce more details later.

According to official disclosure, of the approximately 80 million illegally issued USR in the attack incident, about 46 million (approximately 57%) have been removed from circulation through destruction and blacklisting, and currently, there are no further transferable or redeemable assets in the related addresses.Among them, approximately 9 million USR have been destroyed through two transactions, and another approximately 36 million assets stored in the attack-related addresses in the form of wstUSR have completed blacklisting through contract upgrades.

Citi's Chief Investment Officer, Kate Moore, believes that investors seem overly optimistic, thinking that the U.S.-Iran issue is about to be resolved. She stated on Wednesday, "Some of the price fluctuations we've experienced, especially in the last two days, actually indicate that people have a great deal of optimism about the problem being resolved, and they also believe that this energy shock will not trigger widespread inflationary effects. To be honest, that worries me a bit."She added, "Regarding how to construct a portfolio, I hope to proceed with extremely cautious consideration. Because what we want to build right now is a portfolio that has risk resilience, and we must also ensure that we can withstand inflation risks and the possibility of conflicts lasting longer than current market optimists expect."

Resolv releases the latest progress on the hacking incident. In the past two days, the pre-liquidation USR wallet has redeemed over 77 million USD, accounting for more than 90% of the total amount for that group. Significant progress has been made in the first phase of recovery work.Currently, the redemption process for this group is actively being completed, and subsequent phases of work will also be carried out to cover the remaining user group.

Fluid officially released the latest progress on the Resolv security incident, disclosing that the current debt repayment work is still ongoing until all affected user funds are covered. Currently, approximately $70 million in USR-related debt on the BNB and Plasma chains has been repaid, and the remaining amount is expected to be settled in the coming days.In addition, a governance proposal has been published on-chain, intending to transfer the remaining USR debt positions to the team's multi-signature address to further complete the liquidation with the Resolv Labs team. A compensation plan for all affected users will be announced soon. The platform's market is operating normally, and user funds remain secure.

Resolv Labs disclosed on platform X that the Resolv team has sent an on-chain message to the attacker's address, proposing to return 90% of the stolen funds (approximately 25 million USD in ETH) in exchange for keeping the remaining 10% as a settlement incentive, with a deadline of 72 hours. If the attacker does not respond within the specified time, Resolv will take escalated measures such as coordinating with centralized exchanges, cross-chain bridges, and infrastructure providers to freeze assets, publicly disclose relevant addresses and transaction traces, collaborate with blockchain analysis companies and law enforcement agencies, and take legal action.Previously, Resolv Labs updated on the security incident, stating that a malicious attacker illegally accessed Resolv's infrastructure through a stolen private key and minted approximately 80 million USD in uncollateralized USR, of which 9 million illegally minted USR have been destroyed.

Regarding the rumors that the Resolv Labs stablecoin security incident has a significant impact on Morpho, Morpho co-founder Paul Frambot clarified in a post on X that this incident has indeed affected USR and related assets (such as RPL), and has impacted the lending market that uses them as collateral. However, among the approximately 500 Morpho Vaults with deposits exceeding $10,000, only about 15 vaults have significant exposure to the related market (over $10,000). The affected vaults are primarily positioned as high-risk strategies, using long-tail collateral assets, while other vaults that do not have related exposure (including low-risk Prime Vaults) have not been affected.Paul Frambot advised users to continue to pay attention to communications and updates from Resolv Labs and related Curators to get the latest developments on specific vault risk exposures.

The DeFi risk management protocol Gauntlet stated that it is discussing solutions with Resolv. For the remaining funds, Gauntlet is formulating a compensation plan. Gauntlet USD Alpha does not hold USR or RLP positions, and the vaults on its platform are unaffected, nor will the liquidity providers be impacted.Yesterday, Gauntlet stated that the abnormal issuance event of USR did not affect most of its treasury, and the impact on a few high-yield vaults was limited.

Resolv Labs issued an update regarding a security incident, stating that a malicious attacker illegally accessed Resolv's infrastructure through a stolen private key and minted approximately $80 million worth of uncollateralized USR. The relevant smart contracts have been quickly paused, and approximately 9 million USR held by the attacker have been destroyed to mitigate potential impact.Currently, the protocol holds about $141 million in assets, with the confirmed actual impact being only about $500,000 in redemptions processed before the pause. The current USR supply consists of approximately 102 million tokens before the incident and about 71 million newly minted illegal tokens. As the first step towards recovery, Resolv plans to allow redemptions of pre-incident USR starting from March 23, 2026, for whitelisted users. Affected users should coordinate directly with RDAL through official channels.The announcement stated that the incident stemmed from unauthorized actions by a third party, including targeted infrastructure attacks. Resolv's underlying collateral has not been directly compromised. The team is tracking and attempting to control the illegally minted USR and other affected assets, coordinating with partners and counterparties, and working with law enforcement and on-chain analysis companies to trace the responsible parties. Resolv strongly advises against trading USR or related Resolv tokens during the implementation of recovery measures, as user trading behavior after the incident may affect the recovery process.

According to monitoring by EmberCN, the remaining 36.74 million USR held by the Resolv attackers is still being sold off, but since the price of USR has dropped by 88%, its current value has shrunk to 2.04 million dollars.The attackers have now exchanged most of the USR for ETH, having purchased a total of 11,437 ETH so far, worth 23.84 million dollars.

Aave founder Stani.eth confirmed in a post on the X platform that their protocol has no exposure to Resolv Labs' stablecoin USR. Resolv only acts as a liquidity provider supplying its supported assets to the Aave protocol. The related assets are currently safe, and the supporting assets themselves have not been affected. Resolv can exit smoothly and has begun repaying its debts. At the same time, this incident has no adverse impact on Aave liquidity providers (LPs) and does not affect the protocol itself.