Fluid Protocol Repays $70M Debt After Resolv Hack, Promises Compensation

Fluid Protocol has repaid about $70M of unauthorized USR stablecoin debt linked to the Resolv Protocol exploit. The hack enabled attackers to mint roughly $80M worth of USR, which later spread into connected DeFi markets, including those on Fluid Protocol. Fluid Protocol says the repayment covered the major liability across both the BNB Chain and the Plasma blockchain. The team expects to clear the remaining balance in the coming days. It will also use an on-chain governance proposal to move the rest of the unresolved USR debt to a team-controlled multisignature wallet for final settlement with Resolv Protocol, subject to token-holder approval. Operationally, Fluid Protocol reports that all lending and borrowing markets continue to function normally, reducing near-term systemic risk. The protocol also plans to announce a detailed user compensation plan for affected participants. From a market perspective, this is a fast, governance-led remediation after a cross-protocol stablecoin minting incident. Compared with past DeFi events (e.g., Compound’s 2021 token distribution issue and Aave’s 2022 stability disruptions), Fluid Protocol’s $70M debt repayment within weeks suggests improving treasury, risk controls, and crisis response patterns in DeFi.