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09:47

Fluid Suspends USR Market Trading Due to Resolv Hack Incident, Commits to Full Compensation for Potential Bad Debts

Gate News reported that on March 22, DeFi protocol Fluid released an announcement stating that it learned of the Resolv hacker incident. Fluid's automatic credit limit mechanism prevented excessive borrowing of funds, and the USR market has been suspended from trading with the situation under control. Fluid stated that if there are any bad debts remaining on the protocol, all user losses will be fully compensated. User funds and protocol security are Fluid's top priorities, and a comprehensive review is currently underway. A detailed post-mortem analysis report will be released after the investigation concludes.
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FLUID-6,89%
09:02

A certain Korean CEX is pushing for the reelection of its current CEO, who was previously penalized by regulators due to operational errors

South Korea's second-largest cryptocurrency exchange platform remains committed to supporting CEO Lee Jae-won's reelection, despite the platform facing controversy over a Bitcoin misdisbursement incident and regulatory penalties. Despite major flaws being exposed, the exchange has chosen to maintain operational stability rather than pursue management restructuring.
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BTC-2,61%
07:00

Trump Issues 48-Hour Ultimatum to Iran, Bitcoin Drops Below 69,200 on Weekend

On March 22, following Trump's ultimatum to Iran, Bitcoin fell below $69,200, declining 2.2% over 24 hours. Market sentiment impacted mainstream crypto assets broadly, with declines across the board despite the Federal Reserve maintaining interest rates unchanged. War risk has made traders cautious. If Iran fails to restore Strait of Hormuz passage, the conflict could escalate, impacting global energy transportation.
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BTC-2,61%
ETH-3,36%
XRP-2,91%
BNB-1,88%
06:37

Resolv Labs: Collateral Asset Pool Remains Adequate, No Underlying Asset Losses Incurred

Gate News reported on March 22 that Resolv Labs issued a statement on the X platform stating that the security incident involving unauthorized minting of USR tokens remains under investigation. Currently, the collateral asset pool remains fully adequate, with no loss of underlying assets, and the issue appears to be limited to the issuance mechanism of USR. The team's current priorities include containing the incident, assessing potential impacts, and ensuring that legitimate users are not affected. Resolv Labs stated that it will continue to advance the investigation and disclose more progress as soon as possible.
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05:41

Gauntlet: Majority of Treasury Unaffected by USR Abnormal Issuance Event

Gate News reports that on March 22, DeFi risk management protocol Gauntlet released a statement stating that the USR abnormal issuance event did not affect most Gauntlet treasuries, with limited impact on a small number of high-yield vaults. Gauntlet stated that it will continue to update information and release subsequent progress based on the team's response to the current situation and liquidity management.
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