The latest exploit against a decentralized finance protocol has resulted in a loss of over $180 million for Beanstalk Farms.
Beanstalk Farms, an Ethereum-based stablecoin protocol, was exploited during the weekend, with the total losses skyrocketing to over $180 million. As a result, the native cryptocurrency plummeted by more than 80% in minutes.that it became the latest DeFi victim of a security breach.
The team initially said it had begun investigating the issue, while the blockchain security resource PeckShieldthat the attacker siphoned off at least $80 million, but the protocol’s losses were more significant. The company explained that the exploit became possible through a “flash loan-assisted pass of BIP18, which was submitted one day ago.”
2/ The hack is made possible due to the flashloan-assisted pass of BIP18, which was submitted one day ago (
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Beanstalk Farms loses $182M in DeFi governance exploitThe 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.
Weiterlesen »
Attacker Drains $182M From Beanstalk Stablecoin ProtocolDeFi protocol BeanstalkFarms was drained of over $180 million in a Sunday exploit. skesslr reports
Weiterlesen »
Beanstalk Suffers Massive Hack, BEAN Crashes to ZeroA hacker has drained $80 million from Ethereum-based stablecoin protocol Beanstalk
Weiterlesen »
Beanstalk Farms loses $182M in DeFi governance exploitThe 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.
Weiterlesen »
Ethereum-based stablecoin protocol Beanstalk loses more than $80 million to exploitBeanstalk, a credit-focused stablecoin protocol built on Ethereum, was exploited Sunday morning.
Weiterlesen »
Ethereum-based stablecoin protocol Beanstalk loses about $182 million to exploitBeanstalk, a credit-focused stablecoin protocol built on Ethereum, was exploited Sunday morning.
Weiterlesen »