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Resupply Protocol Proposes $6M Token Burn Following $10M Exploit
Resupply Protocol Proposes $6M Token Burn Following $10M Exploit
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BTCCSquare news:
Resupply, a decentralized stablecoin protocol, has unveiled a recovery plan after suffering a $10 million exploit on June 25, 2025. The proposal centers on burning $6 million worth of reUSD from its $38.7 million insurance pool to cover the majority of outstanding losses.
Of the total exploit impact, $2.87 million has already been repaid through treasury funds and partner contributions. The remaining $1.13 million debt WOULD be managed by the DAO, with future protocol fees or potential RSUP token sales earmarked for repayment.
The team seeks expedited governance approval through a shortened three-day voting window. Immediate token burn and insurance pool adjustments would follow successful ratification.
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