Resolv USR Stablecoin Exploit: 80 Million Minted, $25 Million Cashout

A hacker minted 80 million USR stablecoins, depegged the token, and cashed out at least $25 million, highlighting DeFi minting and access-control risks.

Rich by Coin

2026-03-23

An attacker has successfully exploited Resolv Labs’ USR stablecoin to mint 80 million tokens, causing the stablecoin to depeg from its $1 peg. The attacker has reportedly cashed out at least $25 million from the exploit, marking a significant security breach for the protocol. The incident represents a critical failure in Resolv Labs’ token minting controls and represents a major loss for USR holders and the protocol. Stablecoin exploits of this magnitude underscore ongoing risks in DeFi protocols, particularly around access controls and minting mechanisms.

This incident highlights ongoing vulnerabilities in DeFi protocols, particularly around minting mechanisms and access controls. It is likely to prompt reviews of Resolv Labs’ security posture and governance processes as the market weighs implications for USR holders.