| ▲ | oersted 2 hours ago | |
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 | ||
| ▲ | gwd an hour ago | parent [-] | |
If I understand the situation properly, the system is only supposed to mint backed stable-coins; the hack resulted in unbacked ones. | ||