Euler Labs: Investigating Unauthorized Minting Incident Involving USR, Measures Taken to Isolate Risk

Odaily News Euler Labs posted on the X platform stating that it is aware of the security incident involving unauthorized minting of USR reported by Resolv and is actively investigating. As a precautionary measure, RLP has been disabled as collateral in the Arbitrum Euler Yield vault, and Euler Earn USDC on Arbitrum is no longer being allocated to Euler Yield. These steps isolate the exposure while the situation continues to be evaluated. Euler Labs will provide further updates as more information becomes available.