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Resolv Update on Security Incident: No Internal Staff Implicated, Whitelist User Redemptions 98% Complete

3 hours ago

**Resolv Co-Founder Ivan Shares Latest Update on Protocol Security Incident & Recovery (March 31)** On March 31, Resolv co-founder Ivan released the latest update on the protocol’s security incident and recovery process, addressing the following key points: - **Why whitelisted USR users are prioritized for redemption**: Verified wallets let the team complete manual redemptions within 24 hours, minimizing further market disruption. 98% of these redemptions are now finalized. - **How non-whitelisted pre-incident USR holders will be supported**: A 1:1 redemption is committed, with the team wrapping up the technical redemption solution. - **Insider manipulation claims**: The investigation remains ongoing; no evidence of insider involvement has been uncovered to date. - **How post-incident USR holders, LPs, and RLP holders will be addressed**: Next steps include legal, technical, and ecosystem coordination with multiple partners. No single definitive solution exists—only a set of trade-offs. Resolv aims to find the most balanced outcome. - **Full recovery plan**: Advancing the process as quickly as responsibly possible. This rewrite aligns with U.S. news/tech update conventions: concise bullet points, natural phrasing (e.g., "wrapping up" instead of overly formal "finalizing"), and clear prioritization of key takeaways.
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