Resolv’s USR rebounded above $0.60 after a sharp crash, while the team stated no underlying asset loss occurred and said the suspected minting attack remains under investigation.
Resolv’s stablecoin USR recovered above $0.60 after surging more than 130% within an hour following an earlier collapse. RESOLV also rose to $0.056, narrowing its 24-hour decline to 7.5%. The team said no underlying asset loss has occurred and that the suspected minting attack is still being investigated. Earlier reported information said an attacker continued selling USR after an 88% drop, with 36.74 million USR then valued at about $2.04 million, while most of the holdings had reportedly been swapped into 11,437 ETH worth $23.84 million as of March 22.