Resolv: No loss to underlying assets, issue is limited to USR issuance mechanism

On March 22, EmberCN monitoring shows the Resolv attacker’s remaining 36.74 million USR is still being sold off. The token’s current value has shrunk to $2.04 million, an 88% decline from prior levels. The attacker has since converted most of the USR into ETH, amassing 11,437 ETH worth $23.84 million.

March 22 — Per *The Korea Times*, South Korea’s second-largest crypto exchange Bithumb is pushing for the reappointment of current CEO Lee Jae-won, despite ongoing controversies and regulatory penalties. On February 6, 2026, during a promotional event, Bithumb suffered a major operational glitch: it mistakenly disbursed roughly 15 times the Bitcoin it actually held to users, totaling approximately 620,000 BTC. The error revealed critical gaps in Bithumb’s internal validation, asset management, and ledger systems. It was detected and contained within 35 minutes; the exchange froze trading and withdrawals for 695 impacted accounts, claiming to have recovered 99.7% of the misallocated assets. Still, the incident sparked brief market jitters. South Korea’s Financial Intelligence Unit (FIU), part of the Financial Services Commission, has imposed multiple penalties on Bithumb: a six-month partial business suspension, a 36.8 billion won (≈$24 million) fine for anti-money laundering (AML

March 22: Aave founder Stani.eth said the protocol has zero risk exposure to Resolv’s stablecoin USR. Resolv, an Aave liquidity provider, supplies collateral assets to the platform—these assets are currently safe, as the collateral itself is unaffected. Resolv will be able to exit orderly and has already begun repaying its debt. Aave’s liquidity providers won’t face any negative impact, and the Aave protocol remains entirely unaffected.

On March 22, per HTX market data, the Resolv protocol attack has widened the peg deviation of its native stablecoin USR further. USR has plunged more than 95% over the past 24 hours, last trading at $0.049. The RESOLV token has fallen over 12.3% in the same period, now priced at $0.0526. Hours ago, the Resolv team stated that no underlying assets have been lost to date, and the ongoing minting exploit is still under investigation. The attacker has so far acquired 11,422 ETH, valued at $23.66 million.

March 22 – On-chain analyst Ai Yi (@ai_9684xtpa) reports the Resolv attacker has purchased 11,422 ETH to date, totaling $23.66 million. Of that amount, 11,318 ETH was transferred to a new address (0x8ED...9b81C) an hour ago, with no subsequent transactions. The Resolv team issued a statement hours after the attack, noting no underlying asset losses have occurred so far and the exploit incident is still under investigation.

**March 22** — Per HTX market data, Bitcoin has dropped 2.36% in the past 24 hours, with its current price at $69,023. The Strategy’s Bitcoin position is now floating at an 8.8% loss, equivalent to roughly $5.08 billion. Previously, Bitcoin briefly surged above $76,000 on Tuesday, temporarily flipping the Strategy’s position from loss to profit. As of March 15, 2026, the Strategy holds 761,068 BTC total, with an aggregate cost of ~$57.61 billion and an average entry price of ~$75,696 per BTC.