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Fluid Says $70 Million in USR Debt Repaid After Resolv Hack

According to Fluid, repayment work linked to the Resolv hack is continuing, with about $70 million in USR-related debt on BNB and Plasma already repaid and remaining debt expected to be settled soon.

BNB

Summary

In an official update, Fluid said repayment efforts tied to the Resolv hack are ongoing. The project stated that about $70 million in USR-related debt on BNB and Plasma has already been repaid, while the remaining debt is expected to be settled in the coming days. Fluid also said a governance proposal would move the remaining USR debt position to the team multisig for further settlement.

Terms & Concepts
  • Governance proposal: A formal community decision process used to approve protocol changes or treasury actions on a blockchain project.
  • Multisig: A cryptocurrency wallet or account that requires multiple approvals to authorize transactions, adding operational security.
  • USR: The debt referenced in Fluid’s update; in this context, it refers to the USR-related position being repaid and settled across BNB and Plasma.