Resupply has released a proposal for the recovery plan: 6 million reUSD bad debts will be covered by the insurance pool.

On June 29, Resupply released a recovery plan proposal, with a voting period of 3 days. The proposal states that earlier this week, the Resupply protocol was attacked by a Hacker, resulting in 10 million reUSD becoming bad debt. The stolen funds remain on-chain, and Resupply is monitoring the situation and taking necessary measures. Resupply Treasury, Convex Treasury, and C2tP have paid 2,868,832 reUSD, with a total outstanding bad debt of 7,131,168 reUSD. The proposal suggests that 6,000,000 reUSD of bad debt will be destroyed through the insurance pool, accounting for approximately 15.5% of the current 38.7 million reUSD in the insurance pool; the protocol will bear ongoing bad debt to reduce the outstanding amount of the insurance pool. In total, this reduces the original bad debt amount in the insurance pool by 4 million reUSD; the remaining bad debt (1,131,168 reUSD) will be gradually repaid by the DAO through future income sources (including but not limited to protocol fees and/or potential RSUP OTC sales plans), which will be determined later by the finance or governance department.