Wu said he learned that Curve founder Michael Egorov expressed doubts about the latest governance proposal for Fluid, which transfers fGHO and iETHv2 positions from the protocol treasury to the team multisig to settle bad debt left over from Resolv's de-pegging. Aerodrome community member jpn memelord believes this operation was insufficiently communicated and indirectly changed the risk exposure of USDC/USDT depositors, effectively using user liquidity to cover bad debt.

The Fluid team responded that this is a normal technical operation to unify the settlement of thousands of Resolv-related debts, with no change in the total protocol assets, all steps are within the governance framework, and the proposal was prepared in advance.
In March this year, the Resolv protocol was attacked via signature infrastructure, maliciously minting about $80 million in unsecured USR stablecoins, causing a severe de-pegging of USR, while Fluid exposed approximately $21 million in bad debt due to oracle price lag and other factors.