X @Wu Blockchain

Fluid Says Resolv Exploit Led to $21M Bad Debt, Now Fully CoveredDeFi liquidity protocol Fluid said the March Resolv exploit, which involved the malicious minting of about $80 million in uncollateralized USR, left Fluid with roughly $21 million in bad debt. Fluid said the attack was external and did not compromise its smart contracts or code.The remaining $19.3 million in bad debt has been fully covered, with Resolv covering about $9.7 million, Fluid’s governance treasury covering $8.2 million, and the team ...