Resolv
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 22 → 53. Problems weighed by who is responsible: incidents the subject suffered −6.4, concerns that are not fraud −6.4, problems around the subject, caused by others −0.8; legitimacy credit long-running +2. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -6.4 |
| Incidents it suffered (e.g. hacks) | -6.4 |
| Problems around it, caused by others | -0.8 |
| Long-running | +2 |
| Sum | 53 |
Score: 53/100 (kept between 0 and 100)
How scoring works →Summary
Resolv is a DeFi protocol issuing USR, a delta-neutral stablecoin backed by ETH with perpetual futures hedging, developed by Resolv Labs. On March 22, 2026, the protocol suffered a critical exploit in which an attacker compromised Resolv's AWS key management infrastructure to mint 80 million unbacked USR tokens, extracting approximately $23–25 million in ETH and triggering a severe stablecoin depeg. The protocol remains paused as of May 2026 while recovery and infrastructure remediation are underway.
Connected Entities
5 entities · 60 linked investigations- Ethereum→mentioned with→Coinbase(60%)
- Resolv→mentioned with→Coinbase(65%)
- Resolv→mentioned with→Ethereum(60%)
- Fluid (Instadapp)→mentioned with→Resolv Labs(80%)
- Resolv→mentioned with→Fluid (Instadapp)(80%)
- Resolv→mentioned with→Resolv Labs(80%)
- Resolv Labs→mentioned with→Ethereum(60%)
- Resolv Labs→mentioned with→Resolv(80%)
- Resolv Labs→mentioned with→Coinbase(65%)
- Fluid (Instadapp)→mentioned with→Ethereum(65%)
- + 2 more
1 submission awaiting moderator review.
Timeline(8 events)
November 2024
Resolv protocol launches; TVL begins growing rapidly, rising over 380% through November–December 2024.
December 2024
Resolv TVL hits $77 million all-time high at the time, per DeFiLlama.
6 January 2025
Resolv TVL peaks at approximately $448 million, per DeFiLlama.
15 April 2025
Resolv Labs announces $10 million seed funding led by Cyber.Fund and Maven 11, with participation from Coinbase Ventures, Animoca Ventures, Arrington Capital, and others.
22 March 2026
Critical exploit: attacker compromises AWS KMS signing key via GitHub Actions credential exfiltration from a contractor's account. Mints 80 million USR in two transactions using ~$100K–$200K USDC, extracting $23–25M in ETH. USR depegs to $0.0025 on Curve. Protocol paused at 05:16 UTC.
23 March 2026
CoinDesk and major outlets report on the exploit. Fluid/Instadapp confirms over $10 million in bad debt and $300 million in outflows attributed to the Resolv depeg.
26 March 2026
Resolv Labs publishes official postmortem. 46 million of the 80 million illicitly minted USR burned or blacklisted. External forensic investigation begins with Hypernative, Hexens, MixBytes, SEAL 911, Mandiant, and ZeroShadow.
11 May 2026
Resolv Labs posts update on X confirming ongoing recovery coordination with affected counterparties. Protocol has not relaunched as of this date.
Decision Log
- slot 455368984 · hash C1dQ9rv6iGywNGXcg7tTBtK3aFgZQ2JM2y4dXMvSkk9P
- slot 420839291 · hash EGkwQKSZ16pEMmmbojoxegP2SgxGS2w7gGj3sqPXQttN
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 13 of 16 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:12 AM
last updated: 10/10/2026, 6:49:01 PM
6 viewsavoid.net — verified advice for a post-truth world