Ethereum-based algorithmic stablecoin protocol Beanstalk got jacked by a giant flash attack over the Easter weekend.
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Ethereum-based algorithmic stablecoin protocol Beanstalk got jacked by a giant flash attack over the Easter weekend.

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Beanstalk Farms loses $182M in DeFi governance exploit
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“We are fucked,” the founders posted in Discord.
The attacker used Beanstalk Farms own governance system, and through a flash loan was able to pass two proposals that allowed him to steal the funds.

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The flash attack drained $182 million in Ethereum, BEAN stablecoin, and other cryptocurrencies.
The flash-loan attack becomes the second nine-figure DeFi exploit in a month.
Raider gains voting rights over digital currency and uses them to transfer contents of treasury
Stablecoin protocol Beanstalk farms lost $182 million in collateral due to a malicious attack via its own governance proposal system
The decentralized, credit-based finance system Beanstalk disclosed on Sunday that it suffered a security breach that resulted in financial losses of $182 million, the attacker stealing $80 million in crypto assets.

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The Beanstalk Finance stablecoin protocol has lost all of its total value locked after a suspicious governance proposal was approved. The exploiter used a flash loan from AAVE to accumulate enough funds to approve its own proposal and withdraw all the protocol’s funds.
Uranium Finance, deployed on BSC, in the last few hours revealed that a migration was been intercepted, exposing around $50M in funds.
Is there a list of successful DAO’s users can see so they can consider why they shouldn’t put money into DAO’s they see?
Another decentralized finance (DeFi) protocol on Avalanche (AVAX) chain, Vee Finance, has fallen victim to an attack.
The platform was attacked for a total of 8804.7 ETH (around $26 million) and 213.93 BTC (around $9 million).
Avalanche-based defi platform Vee Finance announced that it suffered from an incident that siphoned $35 million out of the system.

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Defi VEE Finance got attacked by a hacker on 21 September 2021. Assets worth $35 Million have been lost. Officials trying to contact hackers
Cryptocurrency News: NEW DELHI: Vee Finance, the DeFi (decentralized finance) platform of Avalanche (AVAX) blockchain network, has lost $35