Euler Labs: Informed of USR attack incident and urgently disables RLP collateral function
ChainCatcher news, Euler Labs posted on X stating that they have noticed the unauthorized minting security incident of USR reported by Resolv. The team is actively investigating, and as a precautionary measure, the RLP collateral function in the Euler Yield vault on Arbitrum has been disabled. Euler Earn USDC (Arbitrum) has also stopped allocating funds to Euler Yield.
Euler Labs said that these measures are intended to isolate potential risk exposure. The impact of the incident is still being assessed, and further updates will be disclosed in a timely manner.
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