-
Resolv exploits allowed 80M USR minting, with 98% of whitelisted holder redemptions completed.
-
Non-whitelisted and post-exploit users face delays as technical and legal solutions develop.
-
No insider evidence found, but recovery for RLP holders remains uncertain without timeline.
Resolv Labs has issued a fresh update after an exploit allowed an attacker to mint 80 million USR tokens using a compromised private key. CEO Ivan Kozlov addressed users this week, outlining redemption progress and ongoing investigations. The incident, first disclosed recently, continues to affect multiple user groups as recovery efforts move forward without a clear timeline.
Redemption Process Moves in Phases
According to Resolv Labs, the team prioritized whitelisted USR holders during the first phase of redemptions. Verified wallets allowed manual processing within 24 hours, helping limit broader market disruption. Kozlov confirmed that about 98% of these redemptions are now complete.
However, non-whitelisted pre-exploit holders remain in a waiting phase. Kozlov said the same 1:1 redemption commitment applies to them. He added that the technical solution for these users is still under development.
At the same time, post-exploit holders, liquidity providers, and RLP participants face a more complex process. Kozlov noted that these cases require coordination across legal, technical, and ecosystem layers. As a result, no single solution has been finalized.
Investigation Finds No Insider Evidence
Meanwhile, questions around insider involvement have drawn attention. Kozlov stated that, so far, investigations have not found evidence of internal wrongdoing. The probe continues with cybersecurity firm Mandiant and blockchain intelligence group zeroShadow.
The attack exploited a private key tied to a privileged minting role. This account lacked multisignature protection and had no on-chain mint cap. As a result, the attacker could authorize large token creation without constraints.
In response, Resolv has engaged legal advisors, including Paul Hastings and Carey Olsen. Kozlov said legal considerations now shape communication, limiting what the team can disclose publicly.
Uncertainty Remains for RLP Holders
Attention has also shifted to RLP token holders, who absorbed initial losses by design. Currently, redemptions for RLP remain paused. Kozlov acknowledged ongoing work on a recovery plan but did not provide details.
Despite earlier investments in audits, monitoring, and bug bounty programs, the incident still occurred. Kozlov admitted these measures proved insufficient in this case.
For now, the recovery process continues without a defined timeline, leaving affected users awaiting further updates.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tether USDT issuer launches cryptocurrency wallet Tether.wallet! See all three main features at once
Tether has launched its self-custody digital wallet, “tether.wallet,” marking a major expansion to end users. The wallet streamlines the transfer process, allowing users to pay transaction fees directly with their assets, and emphasizes users’ complete control over their private keys. The product is designed to promote financial inclusion, especially for people who are not served by traditional financial systems.
ChainNewsAbmedia9m ago
X’s product lead hinted at launching a crypto product, and the market is speculating it may be related to X Money and Bitcoin.
X product owner Nikita Bier hints at a plan to launch a product aimed at fixing the encryption industry, drawing market attention. Speculation links it to X’s financial ecosystem expansion, possibly including features such as payments, digital wallets, and stablecoins. X’s official account has not yet made a formal response. Musk says the early public version of X Money will go live in April.
GateNews41m ago
Bitmine advances to the NYSE Main Board! Tom Lee: U.S. stocks may have bottomed out, and selling pressure on Ethereum could ease
Bitmine has officially transferred from the NYSE American board to the main board in the United States, marking an important milestone for the company. Despite a sharp drop in its stock price, it has still increased the share repurchase plan amount to $4 billion. The company holds a large amount of Ether, and it expects that a rebound in the crypto market will help improve its assets and stock price performance.
CryptoCity1h ago
Quantum-Safe Bitcoin Proposal Claims Protection Without a Network Fork
The article discusses a proposal for "Quantum-Safe Bitcoin," which allows users to secure transactions against potential quantum attacks without altering Bitcoin's core protocol. The design fits within existing scripting rules, enabling security-conscious individuals to act independently without necessitating network-wide consensus or political disputes over upgrades.
CryptoNewsFlash5h ago
Venus Protocol announces it will stop running independent pools; user funds are safe, and withdrawals remain open
Gate News message, April 14, decentralized lending protocol Venus Protocol issued a statement that its isolated pools are now no longer operational. The statement said that all isolated pools have been paused, but user funds remain safe and the withdrawal function is still available. Users can choose to migrate their assets or withdraw directly depending on whether their assets are on Venus Core.
GateNews5h ago
Foundry Launches Zcash Mining Pool Alongside Industry-Leading Bitcoin Pool
Foundry Digital launched its Zcash mining pool, capturing 29% of the network's hashrate shortly after its announcement. They also introduced Zcashinfo.com, a block explorer for transaction tracking, further enhancing infrastructure for the Zcash ecosystem.
Decrypt6h ago
