Resupply: $10 million in bad debts now fully repaid
20hours ago
According to official news from Odaily Planet Daily, the stablecoin protocol Resupply has announced that $10 million in bad debt has now been fully repaid. Of this, $8.8 million related to a recent security breach has been repaid first. The remaining $1.13 million in bad debt was covered by a loan from yearn and will be gradually repaid through the proceeds from RSUP staked on Convex and Yearn Finance. With this, all bad debt has officially been cleared.
Earlier news , Resupply said that the hacker attack caused about $10 million in reUSD bad debt, and the stolen funds are still on the chain.
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