FTS Incident — FTS Refund Completed and New 3x Earning Vault Deployed
On Jan 1st 2022 it was discovered there was an incident with the FTS triple earning vault at Fortress.loans. The reward rates for the USDT, BNB, and BTCB was accidentally set to emit at 2x the planned rate which caused the rewards to deplete much faster than anticipated. Some users received an error when attempting to harvest due because the vaults reserves of BTCB, WBNB, and USDT were depleted.
This is the previous 3x vault contract: https://bscscan.com/address/0xad676111897926fc9db4194ea17d8e1fa187a147
The development team assessed the situation and paused the vault to adjust the rewards rate. After pausing the vault it was discovered the FTS was “stuck” in the contract and withdraws were not permitted. Luckily, the team was able to update the “LP Token” to a dummy token and was able to rescue the stuck FTS to the Fortress Protocol Deployer Wallet. Here is the FTS withdrawal transaction: https://bscscan.com/tx/0xeca229bffdfdb56fa388b93f0cee2e4dbe977ea6b8e11df64d964931ad964581
The pausing and emergency withdraw of the FTS now show that all stakers balance in the vault is 0. Please do not panic. All FTS staked in the vault has been refunded back to the owners. Here is the transaction. https://bscscan.com/tx/0xea05942fbe0639b58f92d28ff887146d46663fdfa606ea59071052806fe5e139. A spreadsheet of all refunded FTS holders is here: https://docs.google.com/spreadsheets/d/1yEewQAYNy9qg3QA3ffJUfAWwnhR6tpUFsEgGJmFnrOU/edit?usp=sharing
The team will do a review of unpaid rewards and will airdrop rewards to those affected.
New 3x Earning Vault Deployed!
A new vault has been deployed with the correct parameters and will disperse BTCB, WBNB, and BUSD. Here is the new 3x vault address: https://bscscan.com/address/0xf3dbac68e622a0ba2457a4d45faa6e443b839c04#code
Deposits are now enabled at https://bsc.fortress.loans/fts-vault.