FLUID EXPOSED: $100M EXPOSURE TRIGGERED $21M DEFAULTS 🚨
Fluid faced ~$100M exposure to Resolv, sparking $21M defaults. An attacker used discounted $USR to borrow stablecoins, but the core contract stayed intact and other markets kept running. Fluid paused markets, teamed with Resolv, and repaid $70M debt within two days.
The swift response sealed the breach, burned remaining USR tokens, and slashed future emissions. Governance treasury and the foundation absorbed losses, while Resolv shoulders half of LP fallout. Upgraded oracle, legal issuance protocol, and halted buybacks signal a hard reset. Traders, watch for liquidity shifts and potential re‑entry opportunities.
Not financial advice. Manage your risk.
#DeFi #CryptoNews #Liquidity #BinanceSquar #Trading 💥