{"id":42579,"date":"2021-05-17T10:09:34","date_gmt":"2021-05-17T07:09:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42579"},"modified":"2025-08-30T23:51:45","modified_gmt":"2025-08-30T20:51:45","slug":"defi-protocol-bearn-fi-loses-11-million-in-a-hack","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/defi-protocol-bearn-fi-loses-11-million-in-a-hack\/","title":{"rendered":"DeFi protocol bEarn Fi loses $11 million in a hack"},"content":{"rendered":"<p>An attacker targeted the cross-chain yield-farming protocol bEarn Fi operating on the Binance Smart Chain (BSC) and withdrew assets worth about $11 million from its pools. According to <a href=\"https:\/\/www.coindesk.com\/bearn-fi-loses-11m-in-latest-exploit-of-a-binance-smart-chain-defi-protocol\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">CoinDesk<\/a>, citing PeckShield&#8217;s data.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Dear Community,<\/p>\n<p>We are aware that users\u2019 deposits in BUSD have increased significantly. Please be advised that we are currently investigating the Alpaca Vault incident. 1\/3<\/p>\n<p>\u2014 bEarn Fi (@BearnFi) <a href=\"https:\/\/twitter.com\/BearnFi\/status\/1393922068014538755?ref_src=twsrc%5Etfw\">May 16, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe know that user deposits in BUSD have increased significantly. We are investigating the Alpaca Vault incident,\u201d the bEarn Fi Twitter account wrote.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">You will be able to use the bVaults once we have finished with our investigation. We will stay in touch with the community and release more information as it becomes available. 3\/3<\/p>\n<p>\u2014 bEarn Fi (@BearnFi) <a href=\"https:\/\/twitter.com\/BearnFi\/status\/1393922538946764803?ref_src=twsrc%5Etfw\">May 16, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The project team noted that other bVaults were not affected, but developers temporarily paused deposits and withdrawals. The investigation continues.<\/p>\n<p>The governance token price of Bearn.fi (BFI) fell 27% after the incident\u2014from $410 to $300, according to CoinGecko.<\/p>\n<p>In 2021, hackers stole from DeFi protocols <a href=\"https:\/\/u1f987.com\/en\/news\/ciphertrace-hackers-stole-156-million-from-defi-protocols-in-2021\">a record $156 million<\/a>, according to CipherTrace.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An attacker targeted the cross-chain yield-farming protocol bEarn Fi operating on the Binance Smart Chain (BSC) and withdrew assets worth about $11 million from its pools.<\/p>\n","protected":false},"author":1,"featured_media":42580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1301,1154,1093],"class_list":["post-42579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-vulnerabilities","tag-crimes","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=42579"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42579\/revisions"}],"predecessor-version":[{"id":42581,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42579\/revisions\/42581"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/42580"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=42579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=42579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=42579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}