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JUST IN: The attack against Resolv not only resulted in losses of $23 million USD.
It also exposed a deeper weakness in DeFi: the gap between smart contract audits, operational controls, and on-chain safeguards capable of mitigating damage when a privileged key falls into the wrong hands.
The attacker created $80 million USD in unbacked USR after gaining access to a privileged private key from Resolv.