WebAug 5, 2024 · Attackers have breached blockchain finance project Beanstalk Farms, leading to a loss of $182 million in cryptocurrency assets, blockchain analysis firm PeckShield … WebApr 22, 2024 · On April 17th, the decentralized finance (DeFi) project Beanstalk Farms was exploited for $182 million after an attacker mounted a lightning-fast hostile takeover, …
Decentralized finance project Beanstalk Farms sees $182m loss …
WebDecentralized finance project Beanstalk Farms suffered one of the largest-ever flash-loan exploits. The credit-focused, Ethereum-based stablecoin protocol suffered a total loss of … WebAug 5, 2024 · According to analysis from blockchain security firm CertiK, the Beanstalk attacker used a flash loan obtained through the decentralized protocol Aave to borrow close to $1 billion in cryptocurrency assets and exchanged these for enough beans to gain a 67 percent voting stake in the project. take home pay 23500
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WebApr 19, 2024 · Merkle Science. On April 17, 2024, Beanstalk Farms, a decentralized credit-focused stablecoin protocol built on Ethereum, suffered an exploit. The attackers exploited Beanstalk’s governance protocol to extract $182 million in collateral, around $80 million of which went to the hacker as profit. Beanstalk enables participants to earn rewards ... WebApr 18, 2024 · As confirmed by the protocol developers, the perpetrators exploited the platform by taking a $1 billion flash loan on the lending platform Aave denominated in three stablecoins, DAI, USD Coin and Tether. This enabled them to hoard a significant amount of Beanstalk’s native governance token, Stalk. WebApr 25, 2024 · April 25, 2024 @ 6:19 pm By JD Alois Last week it was reported that stablecoin project Beanstalk had been the target of an attack where up to $181 million in value was stolen. Beanstalk is... take home pay 30000