Resolv Labs co-founder Ivan Kozlov said in a video update on Monday that 98% of whitelisted USR holders have been redeemed at a 1:1 ratio, marking the first concrete recovery milestone since the protocol was exploited on March 22.
Kozlov said the team prioritized verified wallets because manual processing allowed them to act within 24 hours and limit further market impact. Non-whitelisted holders who held USR before the exploit will receive the same 1:1 commitment, he said, though the technical solution for those redemptions is still being finalized.
The protocol has retained Google-owned cybersecurity firm Mandiant and blockchain incident response firm ZeroShadow to investigate the breach. Kozlov said no evidence of insider involvement has been found so far.
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