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cryptonews 2022-04-18 08:01:00

Beanstalk Hacker Drains USD 182M from Project, But Nets Only USD 80M

Beanstalk, a decentralized credit-based stablecoin protocol, fell victim to a flash-loan attack over the weekend that saw the protocol exploited for USD 182m worth of crypto. However, the attacker managed to cash out 'only' USD 80m. According to blockchain security firm PeckShield, the attacker ran away with ETH 24,830 and the protocol's stablecoin BEAN 36m, among others. After swapping, BEAN lost its dollar peg, which could explain why the attacker netted much lower....Read More: Beanstalk Hacker Drains USD 182M from Project, But Nets Only USD 80M

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