Euler Labs: Aware of the USR attack incident and urgently disabled the RLP collateral feature

Euler Labs posted on the X platform that it has noted the unauthorized issuance security incident reported by Resolv regarding USR. The team is actively investigating, and as a precautionary measure, the RLP collateral feature in the Euler Yield vault on Arbitrum has been disabled. Euler Earn USDC (Arbitrum) has also stopped allocating funds to Euler Yield.

Euler Labs stated that the above measures are aimed at isolating potential risk exposure, and they are currently continuing to assess the impact of the incident. Further updates will be disclosed in a timely manner.