Resolv Labs confirmed that a malicious actor gained access to the protocol infrastructure via a compromised private key and minted approximately $80 million in uncollateralized USR. The team halted smart contracts and burned roughly 9 million of the illicitly minted tokens, but the damage was already done. Current USR supply consists of 102 million pre-incident tokens and approximately 71 million illicitly-minted tokens. The protocol holds roughly $95 million in assets, down from $141 million initially reported. The attack will create bad debt on some lending markets, particularly in specific pools, with some pools using USR as collateral having already been exited. The incident has left the USR trading at $0.27 on CoinGecko, down 72% over the past week and 61% in the past 24 hours.