Exchange Risk

Gate News: On March 25, Resolv Foundation announced that due to recent security incidents involving Resolv Labs' stablecoin USR, both the protocol and applications have been suspended. Season 4 airdrop claiming functionality is temporarily unavailable, and staking and unstaking functions for RESOLV tokens are also temporarily unavailable. Once the protocol recovery plan is finalized and the application can be safely used again, the relevant functions will be restored.

RootData posted a transparency alert on Twitter, pointing out missing information on multiple decentralized exchanges and calling on projects to update their information to improve transparency scores. The scoring system measures information completeness on a scale from A to F, with lower scores indicating higher risk of misconduct, requiring investors to exercise caution.

Gate News reported that on March 25, according to BlockSec Phalcon monitoring, an address that has been continuously receiving funds from the illegal trading platform Huione transferred 200,000 USDT to a certain CEX. The address had previously withdrawn a total of 1.78 million USDT in 3 batches from a certain CEX approximately one month ago.

Network3 founder Rock reportedly took his own life last year, with the community pointing to multiple pressures from the community, team, and investors. KOLs noted that Rock's optimistic personality became a weakness in the crypto space, and the pressure he faced may have been related to market maker Web3Port, which caused multiple tokens to collapse due to one-sided selling. The incident has sparked deep reflection on the crypto entrepreneurship environment.

A certain CEX reported that traders hold large open positions on Polymarket, with expectations that BP's FDV will exceed $200 million after TGE, driving up BP's price. The CEX's investigation confirmed that these traders are unrelated to them, and they maintain a zero-tolerance stance toward insider trading.

As of March 25, SIREN coin price surged 30.89% to $1.69, with a market cap of approximately $1.228 billion. The project combines AI and blockchain; however, it faces severe supply concentration risks, with controlling parties holding 88.5% of tokens, significantly increasing market volatility risks.

Circle recently froze USDC balances in 16 hot wallets belonging to multiple enterprises, an action related to a U.S. civil litigation case. The relevant wallets were used for large-scale user transactions. The freezing action has raised questions about Circle's review process and has impacted enterprise operations.

On-chain detective ZachXBT revealed that Circle froze USDC balances in 16 hot wallets due to a U.S. civil lawsuit, with these wallets involving multiple enterprises including exchanges and casinos. ZachXBT questioned whether Circle adequately reviewed the requests and pointed out that this action has impacted business operations.

DeFi protocol Resolv suffered an attack on March 22, where hackers minted 80 million stablecoins USR at low cost and cashed out approximately $25 million, causing USR to depeg and triggering market volatility. The attack stemmed from a lack of security measures on the protocol's privileged accounts, impacting overall liquidity and affecting the lending market. Resolv subsequently suspended the protocol and emphasized that collateral pools remained unaffected, but experts believe the hidden losses caused by the incident are significant.

Golden Finance reported that the Resolv Foundation announced on the X platform that due to a recent security incident involving Resolv Labs' stablecoin USR, with both the protocol and applications now suspended, the Season 4 airdrop claiming function is temporarily unavailable. Additionally, the staking and unstaking functions for RESOLV tokens are also temporarily unavailable. Once the protocol recovery plan is finalized and the application can be safely used again, these functions will be restored.

Balancer Labs, the parent company of the well-known liquidity protocol Balancer, has announced it will cease operations. The shutdown follows a hacker attack in November that resulted in a $128 million loss, leaving the company unable to continue operations. Co-founder emphasized that the protocol will continue to exist and plans to restructure, concentrating resources on core products. The coming year will be critical.

Taiwan NFT trading platform Lootex announced it will cease operations on April 4, 2026, citing drastic changes in the global market. The platform emphasizes user asset security, stating no urgent action is required. Users can continue trading on other platforms, and the platform's token $LOOT remains tradable on exchanges. The company, founded in 2018, has developed over 8 years and extends its gratitude to supporters.

DeFi protocol Resolv exploited by hackers who used a vulnerability to mint 80 million unbacked stablecoin USR at low cost, cashing out approximately $25 million and triggering stablecoin depegging and lending market turmoil. Although officials claimed the collateral pool remained intact, experts criticized weak permission controls and lack of effective security safeguards. This incident reveals potential risks of stablecoins and the impact of supply inflation on markets.

CoinDCX co-founders Sumit Gupta and Neeraj Khaderwal were arrested on fraud allegations involving ₹71.6 lakh. A complainant claimed to have been deceived through promises of high returns. CoinDCX denies the allegations, calling them false and conspiratorial.

The founder of Indian cryptocurrency exchange CoinDCX has been arrested by police on suspicion of fraud. The incident originated from a complaint filed by an insurance advisor who claimed to have suffered losses on an unofficial website. CoinDCX has denied the allegations, stating that the fraudulent activity was carried out by counterfeit websites, and indicated that it has reported multiple fake sites. This arrest marks the second police incident involving the company within the past year.

The Fluid team has secured short-term loans covering 100% of non-performing debt to ensure user funds safety. ResolvLabs will handle USR positions prior to the security incident, and investors intend to increase FLUID holdings to strengthen protections. Smart contracts are functioning normally, market operations are stable, with potential interest rate fluctuations possible.

The Resolv network suffered a severe exploit, draining 80M $USR tokens. Attackers rapidly swapped the stolen assets across decentralized exchanges to cover their tracks. The platform has halted operations and is investigating recovery efforts while urging users to stay vigilant.

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.