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