timbowhiteMar 23

The Resolv hack: How one compromised key printed $23M

https://www.chainalysis.com/blog/lessons-from-the-resolv-hack/

The Resolv Hack: How One Compromised Key Printed $23 Million

Web3 security lessons from the Resolv hack: how a compromised key enabled a $23M exploit, what went wrong, and how DeFi protocols can prevent similar attacks.

Chainalysis
Show threadAurornisMar 23

According to a writeup at https://www.chainalysis.com/blog/lessons-from-the-resolv-hac... this started with a plain old hack that compromised their signing key.

They also had a smart contract which didn't do some proper checks, but the hack was only possible with the stolen private key. Whoever held the private key was able to mint a lot of money, unchecked.

So there was a traditional hack at the core of this heist, not just a smart contract exploit.

The Resolv Hack: How One Compromised Key Printed $23 Million

Web3 security lessons from the Resolv hack: how a compromised key enabled a $23M exploit, what went wrong, and how DeFi protocols can prevent similar attacks.

Chainalysis
Show threaddang
We've changed the URL to that link from https://bfmtimes.com/hacker-mints-80-million-worth-of-fake-s... above. Thanks!
Hacker Mints $80 Million Worth Of Fake Stablecoins And Swaps Them For ETH - BFM Times

A hacker has exploited Resolv Labs' smart contract, where it was able to mint at least $80 million worth of USR stablecoins.

BFM Times
Mar 24 at 3:08amWeb