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Gold
One platform for global traditional assets
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CandyDrop
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Gauntlet Updates on Resolv Vulnerability Handling: USDC Frontier Risk Mitigated, Gradual Reopening of Vaults
On March 27, Gauntlet, a DeFi research and risk management firm, posted an update on the X platform regarding the handling of the Resolv vulnerability. Currently, the USDC Frontier (v1) on the Base network has been removed from all Resolv markets, eliminating any bad debt risk. The v1 and v2 vaults have reopened for deposits, and Morpho will remove the interface warning tomorrow. The restart of the mainnet USDC Frontier (v2) vault is underway, with existing time lock arrangements indicating a submission limit of 3 days for the v1 market adapter and 5 days for the removal of the v1 Vault adapter. Gauntlet stated that further details regarding the remaining vaults will be provided based on subsequent fixes to Resolv.