Is Beanstalk farms hacked?

Credit-based stablecoin provider Beanstalk Farms has been hacked, with about $182 million in cryptocurrency stolen. Those behind the attack used a “flash loan” attack to access the Beanstalk network.

What happened to Beanstalk?

In April 2022, Beanstalk, an Ethereum-based stablecoin protocol, was the victim of an attack targeting its governance protocol. The attacker stole $181 million from the project but only kept $76 million of the stolen assets. Beanstalk uses a decentralized governance protocol.

Did a hacker steal $182 million in crypto?

Hackers stole $182 million in crypto. Here’s how Beanstalk Farms is hoping to stay afloat Beanstalk Farms is appealing to the hacker that stole $182 million in cryptocurrency on Sunday, offering a $1.8 million “ Whitehat bounty” if the exploiter returns 90% of the stolen funds.

Did Beanstalk get jacked by a giant flash attack?

Beanstalk got jacked by a giant flash attack. 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.