1 Scam Reports

Contract Exploit Scam

1

bVaults’ BUSD Alpaca strategy was exploited and drained 10,859,319 BUSD out of the pool, Incident started at 10:36:00 AM UTC, May 16, 2021. The incident was due to the improper implementation of the function withdraw(address, uint256 wantAmount): we passed the method withdraw from FairLaunch contract with BUSD amount while we should have used ibBUSD amount instead. Because of this, the strategy withdrew more BUSD than needed and the extra amount was used to deposit to FairLaunch subsequently, which increased the locked BUSD amount in the contract while there was no new deposit.

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Reported Addresses
Reported Address
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0x47F341D896b08DaACB344d9021f955247E50d089
Reported Address
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0xd7fed01Ac9E93FB6633BBb18a6A87f924c80F13c
Reported Address
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0x6F39fA0096b075beCdB2C46C62976E92F03cA104

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Backed By
TRM logoSolana logoCircle logoOpensea logoAave logoBinance logoCivic logoHedera logoRasomwhe.re logo