WebApr 18, 2024 · Ethereum-based DeFi protocol Beanstalk Farms suffered a flash loan attack, draining the platform off $182 Million in digital assets. WebAug 6, 2024 · Flash loan attacks are on rising $3.8 million worth of stolen funds secured It is being reported that the total profit of the Flashloan attack was around $10.2 million. The wallet address involved in the hack shows multiple transactions. The transaction shows that around $2.9 million USDC was swapped for sUSD.
DeFi Project Beanstalk Farms Records $182 Million 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 · DeFi project Beanstalk loses $250 Million in flash loan attack NEW YORK (BLOOMBERG) – Decentralised finance project Beanstalk Farms suffered one of the … the origin of laughter reading ielts
Defi project loses flash attack - madis-fsl.org
WebAug 6, 2024 · The total loss to the Beanstalk protocol was said to be about $180 million.We're told the crook used what's called a flash loan to drum up the needed funds to gain sufficient governance rights over Beanstalk: some $1 billion in crypto-coins from the Aave lending protocol were obtained, and used to get enough of Beanstalk's WebApr 18, 2024 · Beanstalk. Image: Shutterstock. In the fourth-largest decentralized finance (DeFi) exploit to date, a hacker reportedly used a flash attack to take $182 million in Ethereum, BEAN stablecoin, and other assets from the Beanstalk stablecoin protocol over the weekend. According to security firm PeckShield, the hacker made off with $80 million … WebAug 5, 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, buying a controlling stake of tokens and immediately voting to send themself all of the funds. the origin of laughing jack