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To be fair, the article itself says "unbacked" right upfront: > an attacker was able to mint tens of millions of Resolv’s unbacked stablecoins (USR) and extrac
by oersted 7mo ago
To be fair, the article itself says "unbacked" right upfront:
> an attacker was able to mint tens of millions of Resolv’s unbacked stablecoins (USR) and extract roughly $23 million in value
- gwd 7mo agoIf I understand the situation properly, the system is only supposed to mint backed stable-coins; the hack resulted in unbacked ones.