Resolv: It is strongly recommended that you do not trade or acquire USR at this time.

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MarsBit
03-26
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Mars Finance reported on March 26th that Resolv Labs stated, "As mitigation measures progress, we want to provide clarity on an important issue: we strongly advise against trading or acquiring USR at this time. On-chain data shows that illegally minted USR has been mixed with pre-attack USR in multiple wallets and is circulating in the secondary market. The illegally generated USR has never been backed by any collateral and has no redemption rights. Any transactions at this time risk involving illicit tokens and increase the complexity of the asset recovery process. We are currently in the early stages of evaluating recovery options for affected holders and cannot provide any guarantees. Any possible remedies may be limited by ongoing trading activity. We are working closely with the affected protocols to develop solutions and will share specific details when ready."

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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