Resupply releases recovery plan after hacker attack, plans to destroy 6 million reUSD bad debts.

[Block Rhythm] 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 are still on-chain. We are 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.

Proposal submitted:

6,000,000 reUSD bad debts 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 debts to reduce the amount owed by the insurance pool. A total of 4 million reUSD has been reduced compared to the original bad debt amount of the insurance pool.

The remaining bad debt (1,131,168 reUSD) will be gradually repaid by the DAO through future revenue sources (including but not limited to protocol fees and/or potential RSUP OTC sales plans), which will be decided later by the finance department or governance department.