208
Hi everybody!
First of all, before proceeding reading this article, you need to know this post is the continuation of my two last ones, about the bVaults’ BUSD Alpaca incident on bEarn Fi (a cross-chain product in Decentralized Finance).
To summarize it happened that due an informatic error of the platform’s developers, the funds have been lost and the amount of each connected wallet disappeared.
The platform self communicated to their investors and explained really honestly the situation, in my opinion, in a considerately quickly timing considering the issue, proposed a compensation plan divided into 2 different phases.
In the first phase, I Could receive back in my wallet a part of the lost money directly in BUSD. Now, I am waiting for the second phase instructions, hoping to being totally refunded as they promised (in theory with a further 5% in some way).
If you want, you can also read my 2 original articles on the links below:
My first post + bEarn Fi 16 May 2021
My second post + bEarn Fi 19 May 2021
I am writing this new and third post on this topic to give un update about the compensation plan proposed by the platform, after the money disappearance.
As per their official communication, I could find in their telegram group, some new details should be published very soon:
Phase 2 of BUSD Vault Compensation plan:
Details and instruction to be provided before June 15th
Here there is their third link:
bEarn Fi 28 May 2021
Well, once again I have no chooses and remain waiting for above mentioned details on how to proceed to receive the total refund, but just to trust the process and mention the bEarn Fi “admin”… Keep #buidling and improving
Finally, I would invite my readers to note the dates: in less than 2 weeks I could check 3 official communications with a big part of my money already refunded, in less than 2 working days. In my opinion they deserve to be supported. They took their responsibilities and try to fix the issue caused in the better way possible!
...would a "normal and official" FIAT bank do the same?...
just look and hear all around ourselves to get the sarcastic answer!
Thank you for reading!
