🚀 Gauntlet Takes Action Following Resolv Attack, Removes $11.9 Million in Liquidity
#Gauntlet #Resolv #CryptoSecurity #DeFi #LiquidityRemoval #USDC #RiskManagement #Blockchain #CryptoAttack #MorphpVaults
Gauntlet, a risk management protocol, has announced measures following an attack on Resolv, which has yet to release a remediation plan. According to Foresight News, Gauntlet has removed over $11.9 million in liquidity from several Morpho vaults and plans to establish a claims contract for affected suppliers.
The specific actions taken include the removal of the wstUSR/USDC market from the USDC Core (v1) vault, involving $7.6 million in liquidity. Additionally, the USDC Frontier (v1.1) vault has been deprecated, and three related markets have been removed, affecting $4.3 million in liquidity. Several markets within the Resolv USDC (v1.1) vault will be removed after a three-day time lock, and the Seamless USDC and Extrafi XLend USDC related markets have also been completed.#Gauntlet #Resolv #CryptoSecurity #DeFi #LiquidityRemoval #USDC #RiskManagement #Blockchain #CryptoAttack #MorphpVaults