WebApr 22, 2024 · With Beanstalk’s assets entirely depleted by the attack, the project has launched a 10-day fundraiser to try to replenish the lost funds. Without the benefit of VC funding, the company lacks the ... WebApr 18, 2024 · (Bloomberg) — Decentralized finance project Beanstalk Farms suffered one of the largest-ever flash-loan exploits on Sunday, sending its price tumbling. The credit …

Beanstalk DeFi project robbed of $182 million in flash …

WebApr 17, 2024 · According to the summary, the attacker took out a flash loan on lending platform Aave, which was used to amass a large amount of Beanstalk’s native … WebApr 18, 2024 · Beanstalk Farms, a decentralized finance (DeFi) platform, said it lost all of its $180 million collateral over the weekend. Someone managed to game Beanstalk by investing enough funds to gain control of the system and promptly drained its holdings. Beanstalk works by letting people buy beans, which are pegged at about $1 each, and … cloford quarry sssi

Beanstalk loses $182m in huge flash-loan crypto heist

WebApr 18, 2024 · Decentralized finance project Beanstalk Farms suffered one of the largest-ever flash-loan exploits on Sunday, sending its price tumbling. The credit-focused, … WebBeanstalk lost +$180M on April 18th in a flash loan attack. It's a protocol that uses credit instead of collateral to issue fiat stablecoins. After the governance proposal hack, Beanstalk went from $35M total-value locked (TVL) to zero (and unlisted token). WebApr 18, 2024 · JP Buntinx. -. April 18, 2024. 0. The decentralized finance industry has seen tremendous growth in recent years. Unfortunately, that increase in success has also … bodmin crime news