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Resolv Labs moved quickly to contain a major security breach that threatened its USR stablecoin ecosystem. The incident began when a hacker a minting vulnerability, generating roughly 80 million USR tokens without proper collateral. Of these, approximately 34 million USR tokens were sold immediately for 11,409 ETH.

Leading global cryptocurrency exchange KuCoin has officially Resolv (RESOLV) on its spot trading platform. This marks the world premiere of the promising new protocol behind a novel stablecoin backed by Ethereum (ETH) and Bitcoin (BTC).