Ethereum-based stablecoin protocol Beanstalk loses about $182 million to exploit

[The_Krakenite]

-signs indicate that the exploiter used an accumulation of governance tokens -- obtained through a flash loan -- to create a fake protocol improvement proposal to gift funds held in Beanstalk to an address used to raise donations for the government of Ukraine.

https://www.theblockcrypto.com/link...lion-to-exploit?utm_source=rss&utm_medium=rss

 

[M.W.]

Hail to cryptos as means to safe keeping...more like kiddo sand box that attracts the dumbest to part them from their money.

https://www.theblockcrypto.com/link...lion-to-exploit?utm_source=rss&utm_medium=rss

 

[Heydrrich]

Ofcourse, it is all a scam that runs on AWS.

 

[RedDuke]

Do not worry they can just push a button and replenish stolen tokens. It is a magical world