Resolv Labs
Summary
Resolv Labs is a UAE-based DeFi startup that operates the Resolv Protocol, issuing the USR delta-neutral stablecoin backed by ETH collateral hedged with perpetual futures short positions. On March 22, 2026, an attacker compromised the protocol's off-chain signing infrastructure via stolen contractor credentials, minting approximately 80 million unbacked USR tokens and extracting roughly $25 million in ETH, causing USR to depeg by up to 97% within minutes. The protocol acknowledged effective insolvency in the immediate aftermath and has since initiated a tiered compensation plan while rebuilding infrastructure security.
Connected Entities
1 entities · 10 linked investigationsTimeline(9 events)
2023-06-01
Resolv Labs founded in Abu Dhabi by Ivan Kozlov, Fedor Chmilev, and Tim Shekikhachev.
Tracxn / Zoonop2024-05-01
First smart contract audits conducted by MixBytes and Pessimistic Security covering token and staking contracts.
Resolv Security Documentation2024-11-01
Sherlock and MixBytes conduct comprehensive audits of core treasury and token contract infrastructure.
Resolv Security Documentation2025-04-15
Resolv Labs closes $10 million seed round led by Cyber.Fund and Maven11, with participation from Coinbase Ventures, Arrington Capital, Robot Ventures, and Animoca Ventures among others.
CoinDesk2026-03-22
Attacker compromises Resolv Labs' AWS KMS signing infrastructure via stolen contractor GitHub credentials, minting 80 million unbacked USR tokens and extracting approximately $25 million in ETH. USR depegs to $0.025 within 17 minutes.
Resolv Official Post-mortem / CoinDesk / The Block2026-03-22
Resolv team pauses smart contracts at 05:16 UTC and revokes compromised credentials at 05:30 UTC. Protocol engages Hypernative, Hexens, MixBytes, SEAL 911, Mandiant, and ZeroShadow for forensic response.
Resolv Official Post-mortem2026-03-23
Resolv announces recovery framework and begins enabling redemptions for pre-incident USR holders. Protocol acknowledges approximately $95 million in assets against $173 million in liabilities.
Ainvest / DailyCoin2026-04-04
Resolv Labs publishes official post-mortem detailing the full attack chain, security failures, and recovery steps taken.
Resolv Official Blog2026-05-27
Resolv Foundation announces a tiered compensation plan to make affected users whole and stabilize the ecosystem.
CoinMarketCap / Latest Resolv NewsDecision Log
- hash: 44DgjXSP2caeMaJMYTw9QsddeQWoseHVJpjUmUqumfer
- hash: HoECA1JoXiKM6ZwNyFzccaDhhcbENkgj7zE9uHDzC1b1
- hash: 7PRPFZHWXc9WsdJCc5pAdwGVQN9pRrA8C3uACmjXxpX9
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/1/2026, 5:49:02 PM
last updated: 6/4/2026, 4:13:47 AM
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