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ID:

bearn-fi-351

Date:

Status:

Incident Count:

May 16, 2021

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

11,000,000

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Recovered:

-

Rewards:

Currency:

USD, BUSD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Protocol

Yield

Contract Vulnerabilities

Extended Method:

Asset denominations do not match

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Days in Operation:

0

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The DeFi protocol bEarnFi stated that on May 16, its bVaults BUSD-Alpaca strategy was attacked, and nearly 10.86 million BUSD in the pool was exhausted. However, the remaining bvault and other pools of the platform are not at risk. At the same time, bEarnFi released a rough compensation plan, which will create a compensation fund, which will consist of the remaining savings funds, development funds, DAO funds, and part of the expenses incurred by the agreement. After that, a snapshot of the balance will be taken to deploy compensation contracts. Affected users will receive an additional 5% of their deposit amount.

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