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Resolv Labs upgrades the contract to destroy the 36.73 million USR held by hackers.
ME News Report, April 6 (UTC+8), according to on-chain analyst Yu Jin’s monitoring, about an hour ago, Resolv Labs destroyed 36.73 million USR tokens through an upgraded contract.
The hacker exploited a minting vulnerability to mint 80 million USR without collateral.
The hacker sold approximately 34 million USR for 11,409 ETH (worth $24.48 million), stored at address 0x8ED…81C.
Additionally, about 46 million USR was burned by the Resolv team through a contract upgrade from the hacker’s address.
The actual loss from this vulnerability exploitation event is estimated at $34 million. (Source: ChainCatcher)