Resolv Labs Burns 36.73 Million USR After Exploit Minted 80 Million Tokens

Resolv Labs said it burned 36.73 million USR held by the hacker through a contract upgrade after an exploit on March 22 allowed the attacker to mint 80 million unbacked USR. According to the project, the attacker sold about 34 million USR for 11,409 ETH, valued at $24.48 million, and the exploit resulted in an actual loss of $34 million. The update clarifies the burn amount and states that the destroyed tokens were those remaining in the hacker-controlled address.

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