Fluid Protocol repays $70M in debt from Resolv hack

DeFi lending platform Fluid Protocol announced it is continuing to repay debt related to the stablecoin USR, which was minted without authorization following a recent hack of the Resolv Protocol. According to Fluid, approximately $70 million in USR debt has been repaid on the BNB and Plasma chains, with the remaining balance expected to be settled within days. The platform also noted that a governance proposal has been posted on-chain to transfer the remaining USR debt to the team's multisig wallet for further settlement with Resolv. Fluid added that it plans to announce a compensation plan for all affected users soon and that all its markets are currently operating stably. The Resolv Protocol had previously disclosed that a hack resulted in the unauthorized minting of about $80 million worth of USR.