Resolv has paused its protocol after a private key compromise enabled a malicious actor to mint approximately $80M in uncollateralized USR. This triggered a sharp depeg and raised concerns about the stablecoin’s integrity. In an update shared, the team said the attacker gained unauthorized access to its infrastructure and minted new USR tokens without backing. Smart contracts were quickly paused, and around 9M USR held by the attacker has since been burned.