# Governance report / 12th August 2025

CYBRO has returned all deposits from the Bitcoin Seasonal Fund on Base.

**Reasons:**

When deploying the vault smart contract, the developers made a mistake. The issue was that a test vault was accidentally included in the vault contracts where the Seasonal Fund allocated assets. Manual tests did not detect this problem, and the contracts were launched. However, the automatic rebalancing mechanism allocated a part of the funds to this test vault. This part of the assets was lost.

**What we did:**

Today, we called a method on the smart contract to return the invested funds to clients, and then manually transferred the missing amount directly to clients’ wallets from the project's multi-sig wallet.

The total compensation amounted to **6,733.52 USDC.**

The team may relaunch the fund with a correct configuration. The team is also considering rewriting the contract with a simpler logic.

Transaction: <https://basescan.org/tx/0x5e9b4bb6b8ef73df8580d7fa0480c95a469d80d08fc03b42f5afd37e5c6d36c3>

CryptoCrouton\
CYBRO Project Lead

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