According to official news from Odaily Planet Daily, the stablecoin protocol Resupply has announced that $10 million in bad debt has now been fully repaid. Of this, $8.8 million related to a recent security breach has been repaid first. The remaining $1.13 million in bad debt was covered by a loan from yearn and will be gradually repaid through the proceeds from RSUP staked on Convex and Yearn Finance. With this, all bad debt has officially been cleared. Earlier news , Resupply said that the hacker attack caused about $10 million in reUSD bad debt, and the stolen funds are still on the chain.

Odaily Planet Daily reported that the cryptocurrency exchange Bybit has ushered in a new round of stock tokenization craze since the launch of the xStocks series of tokens a few days ago, and launched a one-month promotion today, in which users can share a total of 150,000 USDT prize pool. From now until 10:00 AM UTC on August 15, eligible users can participate: 1. TokenSplash: Deposit xStocks and share 100,000 USDT prize pool 2. EasyEarn: Pledge xStocks to enjoy up to 200% annualized rate of return and principal protection, with a total reward pool of 50,000 USDT About xStocks: xStocks is a tokenized asset backed by real stocks 1:1, providing users with real stock market exposure. Bybit currently offers 10 tokens covering technology, financial services, electric vehicles and blockchain, including AAPLX, NVDAX, AMZNX, GOOGLX, COINX, TSLAX and METAX. Key benefits: - Fragmented holdings lower entry barriers -24/7 trading - Diversification of investment portfolio -Combining stock exposure with DeFi opportunities

Odaily News OneKey founder Yishi made a public statement regarding the "Curve ecosystem DeFi protocol Resupply suffered a price manipulation attack and lost $9.6 million", demanding that Curve provide a fair solution for every investor and return the user funds lost due to serious technical errors of the project party. Yishi revealed that he was one of the three largest investors in Resupply and that he had lost millions of dollars in this incident. He also accused the team of banning reasonable questioners in Discord and lacking due accountability. He emphasized that the vulnerability stemmed from the fact that the initial shares were not destroyed when the ERC4626 vault was deployed, which allowed the attacker to cast unlimited shares at almost zero cost and drain the vault, which was a protocol-level design and deployment error. Yishi said that it made no sense for the Resupply team to pass on the losses to the depositors of the insurance pool. The insurance pool should be used for black swan events and market fluctuations, not to cover the technical negligence of the team. He also pointed out that Curve, Convex and Yearn had participated in supporting Resupply in various forms and gained actual benefits from it, and should not shirk their responsibilities afterwards. He called on the relevant parties to bear the due costs and return the user assets. In response to the incident, Curve responded this morning, "Although Resupply was not developed by the Curve team, its creator is experienced and I believe he will do his best to deal with the problem. The insurance pool is designed to provide protection for such security incidents, and if the assets can be recovered, it should be given priority."

Odaily News Andre Cronje published an open letter on his personal blog revealing the inside story of his resignation from the crypto project in 2022. Andre Cronje stated that since 2020, he has launched crypto projects such as Yearn and Keep3r, which did not raise any funds, sell any tokens, or do anything that could be considered a violation of any country's securities laws. In 2021, Andre Cronje received the first letter from the SEC, which asked for more information about YFI. Subsequently, "more letters continued to come, each turning to a new angle of attack, and they began to investigate from the perspective of salary increases and violations of the SEC." Andre Cronje had to spend months and real money to respond to these attacks. This eventually led to Andre Cronje's choice to resign from the crypto project in 2022.

Odaily星球日报讯 据相关页面显示，Polygon 社区成员拒绝了一项初步提案（或预 PIP），该提案建议部署超过 10 亿美元的稳定币储备来产生收益。该提案由 Web3 风险提供商 Allez Labs 与 DeFi 协议 Morpho 和 Yearn 合作提出，旨在利用 PoS Chain 桥中的约 13 亿美元 DAI、USDC 和 USDT 储备以获取收益。  Polygon 表示，社区成员对安全问题以及受影响用户缺乏选择加入机制表示担忧，对提案的可行性表示怀疑。鉴于社区的保留意见，该提案似乎不太可能获得通过，但这并不妨碍 Polygon 未来探索创新甚至大胆的想法。（The Block）

Odaily星球日报讯  Web3 风险提供商 Allez Labs 与 DeFi 协议 Morpho 和 Yearn 一起撰写了一份预 Polygon 改进提案，寻求 Polygon 社区的意见，从 Polygon PoS Bridge 部署约 13 亿美元的稳定币储备（DAI、USDC 和 USDT）。提案将 DAI 储备存放在 Maker 的 sUSDS 金库中，而 USDC 和 USDT 将利用 Morpho 金库作为主要收益来源。根据该提案，这些金库将由 Allez 进行风险管理。该提案将通过社区论坛和 Polygon 的专门协议治理委员会进行讨论。（The Blcok）

Odaily News North Korea has successfully infiltrated more than a dozen blockchain companies by forging identities and hired their IT personnel. These employees successfully passed interviews and background checks using fake identities, and even demonstrated real work experience. Affected companies include Injective, Fantom, Sushi, Yearn Finance, etc. Hiring North Korean employees not only violates the laws of many countries, but also poses cybersecurity risks. Many companies have been hacked after hiring North Korean IT personnel. According to a UN report, North Korean IT workers generate up to $600 million in revenue each year. (Coindesk)

Odaily News According to official news, the RWA protocol stUSDT announced that it has cooperated with ChainSecurity to conduct a comprehensive security audit of its smart contracts, and published a complete security audit report and white paper on the official website. The security audit report introduces the results of the security audit conducted by ChainSecurity, and the review did not find any critical or high-risk vulnerabilities. According to the recommendation, the stUSDT platform completed the contract upgrade on June 24 and closely monitored the upgraded system to ensure that everything functions properly. The white paper comprehensively outlines the architectural design and governance structure of the stUSDT protocol, as well as the technical foundation to ensure that users' investments are safe and reliable. It is reported that ChainSecurity is a leading security audit company in Europe and the United States. It has provided security audit services to well-known institutions or projects such as the Ethereum Foundation, Circle, Polygon, Uniswap, MakerDAO, Curve, Compound, Yearn and Lido. stUSDT is a rebase-based RWA protocol that is now running through the decentralized platform JustLend DAO. The stUSDT platform is committed to providing a fairer RWA investment channel for everyone. The current total stUSDT staked volume exceeds US$271 million, with an APY of 4.64%.

Odaily News In response to LayerZero's mandatory donations, Yearn core developer banteg posted on the X platform that mandatory donations are more like a glorified ICO. He also called for an end to the bulk funding of the Protocol Guild because it has been very successful in attracting funds and should look for other smaller initiatives to support.

Odaily News Curve Finance published a post on X stating that the funds flowing into veCRV in the past week have been 6 times the inflation of the week, including direct lock-ups and lock-ups through Convex Finance, Stake DAO, and yearn. This is the highest weekly inflow of CRV lock-ups in recent years.