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Reserve Says Reserve Rights (RSR) Holders Need No Action After Sale

Reserve said the attacker sold all stolen RSR and could no longer affect Reserve DTF governance; its contracts were unaffected.

Updated 1 min read
An editorial diagram shows stolen RSR moving away from an attacker wallet and beyond governance. (AI-generated image / EconoTimes)
An editorial diagram shows stolen RSR moving away from an attacker wallet and beyond governance. (AI-generated image / EconoTimes)

Reserve told Reserve Rights (RSR) holders they needed no action after the Binance incident and said its contracts were unaffected.

Binance estimated the incident's impact at about $6.3 billion in its Oct. 30 update. The exchange's initial review pointed to a DevOps engineer's laptop as a possible entry point to a service container used to send unauthorized withdrawal requests. Binance also said it found no evidence of a wallet private-key leak and that about $3 billion had been frozen on-chain.

Reserve said its treasury had pulled the on-chain liquidity it supplied before the attacker's RSR sale. Reserve said the attacker sold all stolen RSR and no longer held any, leaving it unable to affect Reserve DTF governance.

Reserve said the token's immutable design leaves no administrator key that could freeze RSR.

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