Hacker mints $80M USD worth of USR stablecoins

Re:Hacker mints $80M USD worth of USR stablecoins by pants2 on Tuesday March 24, 2026 @01:44AM (#47498983)

Unbacked stablecoins like USR make no sense - but USDC is one of the few real uses that crypto has.

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Re:Hacker mints $80M USD worth of USR stablecoins by mememememememo on Tuesday March 24, 2026 @04:15AM (#47499844)

Decentralized. Stable. Pick one.

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Re:Hacker mints $80M USD worth of USR stablecoins by Jommi on Tuesday March 24, 2026 @04:55AM (#47500069)

Decentralized > the transfer of authority, decision-making, or operational functions away from a central authority to smaller, local, or distributed nodes, systems, or entities

DAI is decentralized and stable

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Re:Hacker mints $80M USD worth of USR stablecoins by Jommi on Tuesday March 24, 2026 @04:55AM (#47500062)

USR is not unbacked. You have a severe misunderstanding of the whole situation if you say that.

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Re:Hacker mints $80M USD worth of USR stablecoins by oersted on Tuesday March 24, 2026 @05:02AM (#47500107)

To be fair, the article itself says "unbacked" right upfront:

> an attacker was able to mint tens of millions of Resolv’s unbacked stablecoins (USR) and extract roughly $23 million in value

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Re:Hacker mints $80M USD worth of USR stablecoins by gwd on Tuesday March 24, 2026 @05:36AM (#47500338)

If I understand the situation properly, the system is only supposed to mint backed stable-coins; the hack resulted in unbacked ones.

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