PANews reported on August 1st that according to official sources, the stablecoin protocol Resupply has now fully repaid $10 million in bad debt. Among this, $8.8 million in bad debt related to recent security vulnerabilities was repaid first. The remaining $1.13 million in bad debt was covered by a loan obtained from yearn and will be gradually repaid through the earnings generated by RSUP staked in Convex and Yearn Finance. At this point, all bad debt has been officially cleared.
Previously, in June, Resupply stated that a hacker attack caused approximately $10 million in reUSD bad debt.
