Resolve Attackers Mint $80M USR With $200k USDC, Buy 9,111 ETH

Onchain Lens traces the proceeds from minting USR with USDC, swapping to wstUSR and USDC/USDT, before purchasing 9,111 ETH.

Rich by Coin

2026-03-23

Resolve attackers used $200,000 in USDC to mint $80 million worth of USR and have already purchased 9,111 ETH. Onchain Lens monitoring indicates the attackers used USDC to issue USR before swapping to the wrapped token wstUSR, then into USDC and USDT. They have bought 9,111 ETH using roughly $17.24 million worth of USDT and USDC, with potential for further purchases.

Analysts have offered differing figures, including a claim that 50 million USR could be minted from $100,000 USDC and that ETH purchases totaled about $4.55 million. To date, Resolve attackers have purchased 11,422 ETH, totaling about $23.66 million.