Resupply: US$10 million in bad debts fully repaid
stablecoin protocol Resupply announced that the $10 million bad debt has been fully repaid, and the $8.8 million bad debt related to the recent attack has been partially repaid. The remaining $1.13 million will be paid by a loan provided by yearn, and the protocol income generated by the RSUP positions held by Convex and Yearn Finance will be used to gradually repay it.
Previously, Resupply was attacked by hackers in June, resulting in 10 million reUSD becoming bad debt.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
Trending news
MoreCrypto prices
More
