Resupply Protocol Proposes Recovery Plan After Hack

According to Foresight News, the stablecoin protocol Resupply has announced a recovery plan following a hack that resulted in 10 million reUSD becoming bad debt. The Resupply Treasury, Convex Treasury, and C2tP have already paid 2,868,832 reUSD, leaving an outstanding bad debt of 7,131,168 reUSD. The proposal includes the destruction of 6 million reUSD of bad debt through the insurance pool, which currently holds 38. 7 million reUSD, accounting for 15 source: https://www.binance.com/en/square/post/26250969153594?utm_source=BinanceNewsRSS