Resupply: All $10 Million in Bad Debts Have Been Fully Repaid
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.
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
U.S. stocks closed higher with all three major indexes up, while XPeng Motors fell nearly 8%
The Dow Jones Index closed up by 185.13 points, with the S&P 500 and Nasdaq also rising.
The US Dollar Index fell by 0.06%, closing at 99.357.
Data: ZEC drops over 15% in 24 hours, TNSR rises over 11%
Trending news
MoreCrypto prices
More
