The post Resolv Labs destroys millions of wstUSR and stUSR tokens in hacker wallets appeared on BitcoinEthereumNews.com.

Resolv moved to stop the total estimated losses it suffered after it was attacked last month in what is being referred to as the biggest DeFi hack of the last month.  The move caps the damage the protocol ultimately has to recover from to about $34 million, a fraction of the $80 million loss the protocol faced when exploiters minted unsupported USR tokens, which they converted into roughly $24.5 million and extracted as ETH.  The final numbers from the Resolv exploit  The hacker may have gotten away with far more than they eventually did if the Resolv team had not executed an on-chain maneuver on April 6, 2026, to deploy a smart contract upgrade to permanently burn 36.73 million wstUSR and stUSR tokens that were under the hacker’s control. The upgrade transaction has been confirmed on-chain with the contract first unwrapping the stUSR to USR before sending both to the zero address, effectively rendering the token irretrievable by anyone, especially the hackers.  The exploit was an off-chain key compromise  The exploit that rocked the Resolv protocol went down on March 22, 2026, when an attacker used a single compromised AWS-hosted private key controlling the SERVICE_ROLE to approve two large mints.  It might be tempting to describe this incident as simply a “compromised private key.” However, in this case the attack path appears more complex and involves multiple stages prior to the on-chain actions. The attack vector itself is not fundamentally new, but its execution does… https://t.co/ZNnaMoUCdy — MixBytes (@MixBytes) April 6, 2026 They only deposited between $100,000-$200,000 in USDC as collateral, but the protocol issued 80 million unbacked USR tokens, and the hacker quickly got to work swapping them.  They swapped 34 million worth for 11,409 ETH, about $24.5 million at the time, before liquidity was spent. After that, the…

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Filed under: News - @ April 6, 2026 7:28 pm