BearnFi Hack

TOTAL LOST $18.0M
High Flashloan Withdraw Logic Exploit bsc

Summarize with AI

Affected Chain bsc Incident surface
Recovered - No recovery reported
All-Time Rank #247 By amount stolen
Protocol Type Yield Target category

Incident Overview

bEarn Fi is a cross-chain product in Decentralized Finance (DeFi) that at its core provides yield generation, algorithmic stablecoin, bridge, gaming aggregation, treasury, AMM DEX, and governance on multi-chain: Binance Smart Chain blockchain (BSC) and Ethereum blockchain.

Incident Report

Protocol / Project BearnFi
Date of Incident
Affected Chain(s) bsc
Attack Technique Flashloan Withdraw Logic Exploit
Classification Ecosystem
Primary Source View Post-Mortem

Protocol Information

Protocol Type Yield
Official Website www.bearn.fi/
Protocol Twitter/X @BearnFi

Market Context at Time of Hack

Token Categories
Memes Doggone Doggerel Base Ecosystem Animal Memes

What the Attacker Needed to Succeed

Understanding the prerequisites for this type of attack helps auditors identify protocols that are most at risk and helps developers build better defenses.

Technical Knowledge Deep understanding of flashloan withdraw logic exploit and Solidity and EVM internals
Capital Required Seed capital to cover gas and initial position setup
On-Chain Access Ability to interact with bsc smart contracts and deploy a custom exploit contract
Protocol Analysis Identification of the exploitable vulnerability in BearnFi's contract logic - root cause: ecosystem
Execution Speed Precise transaction ordering and timing to exploit the vulnerability within a single atomic block
Obfuscation Plan A strategy to launder and move stolen funds - typically through mixers, cross-chain bridges, or decentralized DEX swaps to resist tracing

What Auditors Should Check

Could this have been caught in audit? Likely — with a thorough Flashloan Withdraw Logic Exploit audit checklist and test coverage

If you're auditing a protocol with similar architecture to BearnFi, these are the critical security checks that could have prevented this incident (May 2021).

  • Verify all logic paths related to Flashloan Withdraw Logic Exploit are guarded by proper access controls and input validation - see the Flash Loans Attacks attack class for patterns
  • Review privileged functions (owner, admin, governance) for potential abuse vectors - centralization risks should be documented and bounded with timelocks or multi-sigs

Master these auditing techniques with hands-on labs and real exploit scenarios in the Smart Contract Hacking course.

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Related Attack Classes

The technique used in this hack maps to these vulnerability classes in our security curriculum:

See all Flash Loans Attacks examples →

Proof-of-Concept Exploits

1 PoC available
poc-exploits - bearnfi

Sources & References

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