According to Foresight News, stablecoin protocol Resupply has announced the full repayment of a $10 million bad debt. This debt was incurred following a hacking incident in June that resulted in 10 million reUSD becoming bad debt.
The protocol has initially repaid $8.8 million of the bad debt related to the recent attack. The remaining $1.13 million was covered by a loan provided by Yearn Finance. Resupply plans to gradually repay this loan using the protocol's income generated from RSUP positions held by Convex and Yearn Finance.
