Resolv Labs Destroys Stolen USR Tokens After Hack

Resolv Labs has taken action to address a recent security breach. According to ChainCatcher, approximately an hour ago, the company upgraded its contract to destroy 36.73 million USR tokens held by a hacker. The hacker exploited a minting vulnerability to create 80 million USR tokens without collateral. Of these, around 34 million USR tokens were sold by the hacker in exchange for 11,409 ETH, which is stored at the address 0x8ED...81C. Meanwhile, Resolv Labs managed to destroy approximately 46 million USR tokens from the hacker's address through a contract upgrade. The actual financial loss from this exploit is estimated to be $34 million.