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Resupply: All $10 Million in Bad Debts Have Been Fully Repaid
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According to ChainCatcher, stablecoin protocol Resupply has announced that the $10 million in bad debt has been fully repaid. Of this, $8.8 million in bad debt related to the recent attack has been initially settled, while the remaining $1.13 million was covered by a loan provided by Yearn. The protocol will gradually repay this loan using income generated from RSUP positions held on Convex and Yearn Finance.
Previously, Resupply suffered a hack in June, resulting in 10 million reUSD becoming bad debt.
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