Cryptocurrency
[loss] $11M+
"DeFi platform ‘bEarn Fi’ promises 105% compensation after $10 million hack, but is it the right thing?"
Primary Source ↗Financial Loss
$10.8M
(10,850,000 USD)
Blockchain(s)
Bsc
Incident Details
An attacker pulled $10.85 million in funds out of one of bEarn Fi’s vaults by exploiting a bug that allowed them to withdraw more funds than they deposited. bEarn promised to compensate affected users with 105% of the amount they lost.
Total loss estimated at $10,850,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- bEarn
Timeline
- 2021-05-16 Breach occurred
- 2021-05-16 Publicly disclosed