Verify a decision

{"actor":"system:backfill","investigation_id":"7d3916be-be64-4d1c-b1fe-f9509b3dd168","kind":"publish","page_slug":"resolv","published_at":"2026-05-19T20:13:20.243Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Resolv","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://www.coindesk.com/business/2025/04/15/resolv-labs-raises-usd10m-as-crypto-investor-appetite-for-yield-bearing-stablecoins-soars"},{"credibility":3,"name":"","type":"other","url":"https://thedefiant.io/news/defi/stablecoin-protocol-resolv-s-tvl-soars-above-usd400-million"},{"credibility":3,"name":"","type":"other","url":"https://cryptorank.io/ico/resolv"}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://www.halborn.com/blog/post/explained-the-resolv-hack-march-2026"},{"credibility":3,"name":"","type":"other","url":"https://coinbureau.com/review/resolv-protocol-review/"},{"credibility":3,"name":"","type":"other","url":"https://www.chainalysis.com/blog/lessons-from-the-resolv-hack/"}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://resolv.xyz/blog/resolv-postmortem-march-22-2026-incident"},{"credibility":3,"name":"","type":"other","url":"https://www.chainalysis.com/blog/lessons-from-the-resolv-hack/"},{"credibility":3,"name":"","type":"other","url":"https://www.halborn.com/blog/post/explained-the-resolv-hack-march-2026"},{"credibility":3,"name":"","type":"other","url":"https://github.com/mixbytes/audits_public/blob/master/Resolv/Treasury%20Extension/README.md"},{"credibility":3,"name":"","type":"other","url":"https://www.coindesk.com/markets/2026/03/23/resolv-stablecoin-drops-70-after-usd80-million-exploit-after-attacker-mints-usr"},{"credibility":3,"name":"","type":"other","url":"https://www.govinfosecurity.com/cryptohack-roundup-hacker-mints-24m-from-resolv-a-31196"}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://www.crunchbase.com/person/ivan-kozlov-4bb9"},{"credibility":3,"name":"","type":"other","url":"https://www.coindesk.com/business/2025/04/15/resolv-labs-raises-usd10m-as-crypto-investor-appetite-for-yield-bearing-stablecoins-soars"},{"credibility":3,"name":"","type":"other","url":"https://wellfound.com/company/resolv-labs-1/people"}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://resolv.xyz/blog/resolv-postmortem-march-22-2026-incident"},{"credibility":3,"name":"","type":"other","url":"https://www.chainalysis.com/blog/lessons-from-the-resolv-hack/"},{"credibility":3,"name":"","type":"other","url":"https://blockaid.io/blog/how-a-compromised-key-minted-80m-in-resolvs-usr-stablecoin-and-triggered-a-depeg"},{"credibility":3,"name":"","type":"other","url":"https://finance.yahoo.com/markets/crypto/articles/resolv-23m-hack-highlights-defi-174413345.html"},{"credibility":3,"name":"","type":"other","url":"https://www.quillaudits.com/blog/hack-analysis/resolv-labs-exploit-explained"},{"credibility":3,"name":"","type":"other","url":"https://news.bitcoin.com/resolv-labs-pauses-protocol-after-23m-exploit-triggers-usr-stablecoin-depeg/"}]}],"sources_used":[],"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.","timeline":[{"date":"2024-11-01","event":"Resolv protocol launches; TVL begins growing rapidly, rising over 380% through November–December 2024.","source":""},{"date":"2024-12-01","event":"Resolv TVL hits $77 million all-time high at the time, per DeFiLlama.","source":""},{"date":"2025-01-06","event":"Resolv TVL peaks at approximately $448 million, per DeFiLlama.","source":""},{"date":"2025-04-15","event":"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.","source":""},{"date":"2026-03-22","event":"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.","source":""},{"date":"2026-03-23","event":"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.","source":""},{"date":"2026-03-26","event":"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.","source":""},{"date":"2026-05-11","event":"Resolv Labs posts update on X confirming ongoing recovery coordination with affected counterparties. Protocol has not relaunched as of this date.","source":""}]},"v":1}