Beanstalk Farms loses $182M in DeFi governance exploit - Cointelegraph

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 protoco…

Credit-based stablecoin protocol Beanstalk Farms lost all of its $182 million collateral from a security breach caused by two sinister governance proposals and a flash loan attack. The problem for t… [+4706 chars]

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