Resupply has released a recovery plan proposal, and 6.00 million reUSD in bad debts will be destroyed through the insurance pool.

Stablecoin protocol Resupply has released a recovery plan proposal. The proposal includes the fact that the Resupply protocol was hacked, resulting in 10,000,000 reUSD becoming bad debt. The Resupply Treasury, Convex Treasury, and C2tP have paid 2,868,832 reUSD, with a total of 7,131,168 reUSD in outstanding bad debt. [Foresight News]