Incident Overview
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.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.