Curve founder Michael Egorov has expressed concerns over Fluid's latest governance proposal, which involves transferring fGHO and iETHv2 positions from the protocol's treasury to a team multisig to address bad debt from Resolv's de-pegging incident. Aerodrome community member jpn memelord criticized the move for insufficient communication, suggesting it alters USDC/USDT depositors' risk exposure by using user liquidity to cover bad debt. Fluid's team defended the proposal as a necessary technical operation to consolidate thousands of Resolv-related debts, asserting that the total protocol assets remain unchanged and all actions are within the governance framework. The proposal was reportedly prepared in advance. In March, Resolv suffered a hack on its signature infrastructure, leading to the malicious minting of approximately $80 million in unbacked USR stablecoins, causing a severe de-pegging. Fluid subsequently faced about $21 million in bad debt due to oracle price delays and other factors.