Resolv Labs Plans Redemption Function Activation Following Security Breach

Resolv Labs announced plans to activate the redemption function for USR tokens affected by a recent security breach. According to Foresight News, the activation will begin with whitelisted users on March 23. Affected users are advised to contact RDAL directly through official channels. The incident was caused by unauthorized third-party actions, including targeted infrastructure intrusions and cyberattacks. Resolv's underlying collateral assets were not directly impacted. Efforts are underway to track and control illegally minted USR and other affected assets, with coordination among partners and counterparties. Resolv Labs is working with law enforcement and on-chain analysis firms to identify those responsible. Users are advised to refrain from trading USR or related Resolv tokens during asset recovery measures.