Resupply has repaid all bad debt, including $8.8 million tied to a recent hack, bolstering its financial position and restoring trust.
Stablecoin protocol Resupply has fully repaid $10 million in bad debt, including $8.8 million linked to a recent security breach. The remaining $1.13 million was financed through a loan from Yearn, with repayments anticipated from staking yields in Convex and Yearn Finance. This repayment marks a significant step in restoring financial stability for Resupply after a hacker attack in June caused substantial losses.