Rabson21

In 2024, someone spent $1.2 million and got nothing in return.

> They bought 26.9 BTC on Binance

> Then sent every single coin to an address that hasn't moved in over 15 years

> No transaction out, no sign of life, the wallet had been dormant for over a decade

> The coins arrived with no explanation or statement

> Those 26.9 BTC are sitting there right now, visible to anyone on-chain, and completely untouchable

> Because the only person who could move them hasn't been seen since 2010.

> Their destination? Satoshi Nakamoto's wallet

Whether it was a tribute or an accident, the result is the same

$1.2 million, gone forever, in the most public way possible.

🚨Another Stablecoin Collapse: Resolv Labs’ USR Crashes to $0.20 After $25M Exploit

A stablecoin is supposed to always stay worth $1, like a digital dollar that doesn’t swing wildly.

But yesterday, Resolv Labs’ USR completely lost that $1 value after a hacker found a major weakness in how new tokens are created.

Here’s the crazy part: The attacker put in only about $200,000 worth of USDC and somehow created around 80 million unbacked USR tokens out of thin air, first 50 million, then another 30 million.

They sold it all super fast on DEXs like Curve in just 17 minutes.

The price crashed hard, from $1 down to as low as $0.025 in some pools, and around $0.20 on bigger trackers.

The hacker turned most of it into about 11,400 ETH, worth roughly $25 million at the time.

The Resolv team says the collateral backing USR ($95 million in assets) is still safe. But flooding the system with extra tokens diluted everything and broke the $1 promise.

This echoes the infamous Terra/Luna collapse in 2022, where a flawed design turned a small trigger into a massive wipeout.

Many stablecoins still have hidden weak spots like over-reliance on single points of control, fragile data feeds, or missing safety limits that can break the peg when things go wrong.

Painful! For anyone holding USR... still trading way below $1 right now.

But imagine if the king of stablecoins, USDT (Tether), ever collapsed? 💀