According to Wu Blockchain, Curve founder Michael Egorov has expressed doubts about Fluid's latest governance proposal. The proposal suggests transferring the protocol treasury's fGHO and iETHv2 positions to the team’s multisig wallet to cover the bad debt left behind by Resolv's depegging incident. Aerodrome community member jpn memelord criticized the move, saying it lacked sufficient communication and indirectly altered the risk exposure of USDC/USDT depositors, essentially using user liquidity to cover bad debt. The Fluid team responded, stating that this is a standard technical operation to consolidate and settle thousands of Resolv-related debts. They emphasized that the total protocol assets remain unchanged, all steps are within the governance framework, and the proposal was prepared in advance. Back in March, the Resolv protocol suffered a hack targeting its signature infrastructure, resulting in the malicious minting of approximately $80 million in uncollateralized USR stablecoins, which caused USR to severely depeg. Due to factors like oracle price delays, Fluid ended up with around $21 million in bad debt exposure. https://(wublock123.com)/news/fluid-transfer-protocol-resolv-bad-debt-controversy-user-liquidity-cover-61210