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Resolv: Strongly Advises Against Trading or Acquiring USR at This Time
On March 26, Resolv Labs stated, “As mitigation measures progress, we would like to provide a clear statement on an important issue: we strongly advise against trading or acquiring USR at this time. On-chain data shows that illegally minted USR has mixed with legitimate USR in multiple wallets and is continuously circulating in the secondary market. The USR generated by the attackers has never had any collateral backing and does not have redemption rights. Any transactions conducted at this time carry the risk of involving illegal tokens and will complicate the asset recovery process. We are still in the early stages of assessing recovery plans for affected holders and cannot provide any guarantees; moreover, any potential remedial measures may be limited by ongoing trading activities. We are working closely with the affected protocols to develop solutions and will share specific details when ready.”