Fluid releases post-mortem of the Resolv incident: approximately $19.3 million in bad debt has been absorbed, and all user funds are safe.
ChainCatcher reports that Fluid published a review of the Resolv incident, stating that on March 22, Resolv's signature infrastructure was breached, resulting in the malicious minting of approximately $80 million in unsecured USR. Fluid faced about $100 million in risk exposure, creating roughly $21 million in bad debt. The final resolution: Resolv took on around $9.7 million, Fluid's governance treasury covered $8.2 million, the team handled $1.5 million, and the remaining USR within the protocol has been destroyed by Resolv at the contract level.
Fluid stated that its smart contracts were not compromised, all user funds remain secure, and the protocol retains full solvency. Additionally, Fluid has upgraded its oracle and pricing risk control systems, will pause buybacks, and will significantly reduce or cancel FLUID incentives.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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