Resolv's founder denies rumors of internal personnel involvement in the exploit, but has not yet provided a specific timeline for the recovery plan.

Techub News message: According to Cryptopolitan, Resolv Labs co-founder Ivan Kozlov has issued an update regarding the earlier USR stablecoin attack, denying rumors that internal personnel were involved in exploiting the vulnerability and stating that no related evidence has been found at this time. The vulnerability stemmed from a private key of a privileged minting role being controlled by a single account, with no multi-signature protection and no on-chain minting limit. Resolv has hired the law firm Paul Hastings and Carey Olson to provide legal counsel, and in conjunction with Google’s cybersecurity company Mandiant and on-chain analysis firm Zero Shadow, is conducting attack reconstruction and responsibility tracing.

Kozlov said that the redemption work for USR users who held the tokens prior to the attack is nearly complete, with about 98% of whitelisted users having completed redemptions. For the remaining users, the technical solution is still being finalized, but no specific timeline has been provided. Resolv’s liquidity pool remains in a suspended redemption state, RLP token holders have borne the first layer of losses, and the team is still developing an action plan. Kozlov admitted that the most difficult recovery phase is still ahead.