Euler Labs Disables RLP Collateral on Arbitrum After Resolv USR Minting Incident

Resolv Labs confirmed that no assets were lost after an exploit minted 80 million unbacked USR tokens. The unauthorized minting caused price instability and prompted swift responses across DeFi protocols. In the related fallout, Euler Labs disabled RLP collateral in Euler Yield vaults on Arbitrum and halted new allocations from Euler Earn USDC on the network while the situation is assessed.

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