Gate News: On March 25, Resolv Foundation announced that due to recent security incidents involving Resolv Labs' stablecoin USR, both the protocol and applications have been suspended. Season 4 airdrop claiming functionality is temporarily unavailable, and staking and unstaking functions for RESOLV tokens are also temporarily unavailable. Once the protocol recovery plan is finalized and the application can be safely used again, the relevant functions will be restored.

BlockBeats news, March 25: Resolv released the latest update on the hacking incident. Over the past two days, pre-liquidation USR wallets have redeemed over $77 million in funds, accounting for over 90% of that group's total, with the first phase of recovery work achieving significant progress. Next steps: • The redemption process for this group is actively being completed; • Work on subsequent phases has been initiated, which will cover the remaining other user groups.

Gate News: On March 25, Resolv Labs announced that over $77 million has been used in the past 2 days to redeem whitelisted wallets that held USR before the attack, accounting for over 90% of that group, marking significant progress in the first phase of recovery efforts. The redemption process for this group is currently being actively completed, and subsequent phase work will also be carried out to cover the remaining user groups.

Fluid officially announced that the debt repayment work for the Resolv hacker incident is still ongoing, with approximately 70 million USD in debt already repaid, and the remaining portion expected to be settled in the near term. Simultaneously, a governance proposal has been issued to transfer the remaining debt to the team's multisig address for liquidation, a compensation plan will be announced soon, platform operations are normal, and user funds are secure.

Fluid has officially updated the progress of the Resolv security incident: $70 million USD of USR debt has been repaid, with the remaining balance to be settled within a few days. Additionally, a governance proposal has been released, planning to transfer the remaining debt to a multi-signature address for further liquidation. The compensation plan will be announced as soon as possible, and the platform is operating normally.

On a quiet Sunday morning, someone turned $100,000 into $25 million in approximately 17 minutes. The target was the yield-bearing stablecoin protocol Resolv. Before Resolv paused its contracts, its dollar-pegged stablecoin USR had fallen to just a few cents. As of this writing, USR remains severely depegged, trading at around $0.25 and experiencing a decline of over 70% this week. The shockwaves extended far beyond Resolv.

Gate News reports that on March 23rd, Kyber Network stated that all wallets related to the Resolv attack incident have been quickly identified, and their further activity on the KyberSwap platform has been blocked.

On March 23rd, USR, a stablecoin under Resolv, experienced a major security incident. Attackers exploited a private key leak to mint approximately $80 million in unbacked tokens, causing USR's price to collapse to $0.27, a decline exceeding 70%. Resolv has suspended smart contracts and burned 9 million anomalous tokens, with 71 million unbacked USR remaining in circulation. This incident reflects the fragility of stablecoins in terms of security and transparency, posing challenges to market confidence.

Gate News reports that on March 23rd, a certain CEX listed Resolve (RESOLV) as a trading caution variety. Once designated as a trading caution variety, the exchange typically conducts detailed reviews of the digital asset to determine whether to extend the caution period, lift the caution, or ultimately terminate trading support.

Since 2026, the decentralized finance sector has experienced at least 15 security attacks, with cumulative losses exceeding $137 million, with major losses concentrated in projects such as Step Finance, Truebit, and Resolv.