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Resolv Labs
@ResolvLabs
Transparent dollar products backed by diversified crypto yield sources.
Joined June 2023
38 Following    41.4K Followers
Ivan, co-founder of Resolv, has shared an update on the protocol security incident and recovery process. Some of the questions covered: → Why were whitelisted USR users redeemed first? Verified wallets allowed the team to act within 24 hours manually to limit further impact on the broader market. 98% of those redemptions are complete. → What can non-whitelisted pre-exploit USR holders expect? The same 1:1 commitment. The team is finalising the technical solution for redemptions. → Was this an insider incident? The investigation with @Mandiant and @zeroshadow_io is ongoing. No evidence of insider involvement has been found at this stage. → What about post-exploit USR holders, LPs and RLP holders? The remaining steps involve legal, technical, and ecosystem coordination across many counterparties. There is no single obvious solution — only a set of trade-offs. The goal is to find the most balanced outcome. → How long will the full recovery plan take? We are moving as quickly as the process responsibly allows. Watch the full video below:
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Sharing a bit broader highlight of the Resolv security incident