Resolv Labs

Over the past 2 days, $77M+ has been redeemed for allowlisted wallets with pre-exploit USR, representing 90%+ of this group and marking strong progress in phase one of recovery. Next: • Redemption process for this group is actively being completed • Work on subsequent phases, covering remaining user groups

Update on Redemption Process Resolv Digital Assets Ltd. is in contact with all allowlisted users with USR holdings at the time of the incident. As the first recovery step, redemptions for pre-incident USR are now enabled for this group. Updates for other users will follow.

This notice is issued on behalf of Resolv Digital Assets Ltd. in relation to the Resolv protocol. Earlier today, a malicious actor gained unauthorized access to Resolv infrastructure through compromised private key, resulting in the minting of approximately $80M of uncollateralized USR. A full post-mortem is currently in progress and will be shared once completed. The incident was identified quickly, and the relevant smart contracts were promptly paused. Approximately 9M USR held by the attacker has since been burned in order to reduce the potential impact. The protocol currently holds approximately $141M in assets, with the only realized impact identified to date being approximately $0.5M in redemptions processed prior to the pause. Current USR supply consists of 102M pre-incident USR and approximately 71M newly and illicitly minted tokens. As an initial step in the recovery process, we are preparing to enable redemptions for all pre-incident USR, beginning with allowlisted users. The current target start date is 23 March 2026. Affected users should coordinate directly with RDAL through official channels. This incident resulted from unauthorized third-party actions, including a targeted infrastructure compromise and cyberattack. Resolv’s underlying collateral was not directly compromised. We are actively:  • tracing and seeking to contain illicitly minted USR and other affected assets  • coordinating with partners and counterparties  • working with law enforcement and onchain analytics firms to identify those responsible We will pursue all available avenues to recover assets and hold those responsible accountable. We strongly advise against trading USR or related Resolv tokens at this time while recovery measures are being implemented. Actions of users during post-exploit period may affect the recovery. Further updates regarding illicit USR, and RLP will be communicated in the near term.

We are currently investigating a security incident involving unauthorized minting of USR. At this stage: The collateral pool remains fully intact. No underlying assets have been lost. The issue appears isolated to USR issuance mechanics. Our immediate priority is to: 1) Contain the incident 2) Assess impact 3) Ensure legitimate users are not affected We are actively investigating and will share more updates shortly.