Resupply: $10 million in bad debts now fully repaid

Stablecoin protocol Resupply announced that $10 million in bad debt has now been fully repaid. Of this, $8.8 million related to a recent security breach was initially repaid. The remaining $1.13 million was covered by a loan from yearn and will be gradually repaid through the proceeds from RSUP staked on Convex and Yearn Finance. With this, all bad debt has officially been cleared.