Hack history / 2021 / Hack or exploit
bEarn Fi
Hack or exploit on May 16, 2021 · Contract Vulnerability
ATTACK TX CONFIRMED ON CHAINSOURCES AGREE ON DATE AND LOSS · 3 SOURCES
Lost
$11M
dollars at the time
Returned
none listed
as the sources state it
Rank
#283
among thefts by dollars lost
What happened
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.
Details
- Date
- May 16, 2021
- Kind
- Hack or exploit
- Method
- Contract Vulnerability
- How in
- Smart contract bug
- Target
- not stated
- Chains
- BNB Chain
Reported by
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Cite this page
SwanBluechip, "bEarn Fi hack, May 16, 2021: $11M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht590418c148/ (data as of 2026-10-31).