WebApr 18, 2024 · PeckShield, a blockchain analytics company, initially reported the incident to Beanstalk through Twitter on Sunday. Hours later, PeckShield revealed the Ethereum … 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 …

Cryptocurrency theft leaves Beanstalk Farms

WebAPRIL 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 … WebApr 18, 2024 · Beanstalk Protocol experienced a flash-loan attack due to a flaw in its newly introduced Curve LP Silos that compromised the protocol’s governance mechanism, … busboys poets shirlington

What are flash loan attacks - CNBC TV18

WebAug 6, 2024 · Recently, the unknown hackers managed to steal around $180 million worth of digital assets from a DeFi project, Beanstalk Farm. It is reported that this attack was the 4th largest exploit to involve a flash attack. The stolen fund was taken out from the protocol in the form of Ethereum (ETH), BEAN stablecoin and other assets. WebJul 28, 2024 · Decentralized finance (DeFi) yield protocol on Solana, Nirvana Finance, has reportedly been exploited for $3.5 million following a flash loan attack. The attack sent Nirvana’s native digital token ANA down 89% to $8.97, while its stablecoin broke its peg to the U.S. dollar and plummeted 90%. According to on-chain data, the attacker minted $10 ... WebApr 18, 2024 · The Beanstalk cryptocurrency has been stripped of reserves valued at more than $180m (£138m) in seconds, after an attacker used borrowed money to snap up enough voting rights to transfer the... hanazuki and friends: out of this world