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Resupply announces the full repayment of $10 million in bad debts, and the protocol assets have returned to normal.
On August 1, according to official news from 【Block Rhythm】, the stablecoin protocol Resupply announced that the 10 million USD bad debt has now been fully repaid. Among them, the 8.8 million USD bad debt related to the recent security vulnerability has been repaid first.
The remaining 1.13 million dollars in bad debts will be covered by a loan obtained from a certain platform, and the repayment will gradually be made through the profits generated by RSUP pledged on a certain platform and another platform. Thus, all bad debts have officially been cleared.