Monday 30 March 2026Afternoon Edition

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Crypto

Cryptocurrency and blockchain

50 articles

Crypto

Missing Mint Check Let an Attacker Print 25 Million Dollars From a 100K Deposit in the Resolv USR Exploit

On March 22, an attacker exploited Resolv Labs' USR stablecoin minting system by compromising a privileged signing key stored in AWS KMS. Using the two-step minting flow, they deposited roughly 100 to 200 thousand dollars in USDC and minted 80 million unbacked USR tokens, a 400 to 500 times over-mint. The attacker extracted approximately 25 million dollars in ETH within 17 minutes, crashing USR from one dollar to 2.5 cents.

27 Mar2 min