Resupply Fully Repays $10M Bad Debt After June Hack

Stablecoin protocol Resupply has successfully repaid the entire $10 million in bad debt that was incurred following a hacking incident in June, which left 10 million reUSD unbacked.

Initially, Resupply covered $8.8 million of the debt directly. The remaining $1.13 million was financed through a loan from Yearn Finance. According to the team, the protocol will repay this loan over time using revenue generated from RSUP positions currently held by Convex and Yearn Finance.

This full repayment marks a significant step in restoring user trust and shows the protocol’s ability to manage crisis recovery through structured repayment and ecosystem support.