Ethereum-based stablecoin protocol Beanstalk loses more than $80 million to exploit - BitcoinEthereumNews.com
EthereumEthereum-based stablecoin protocol Beanstalk loses more than $80 million to exploit04 / 17 / 2022बिटकॉइन एथेरियम समाचार Beanstalk, a credit-focused stablecoin protocol built on Ethereum, was exploited Sunday morning. The attacker obtained more than $80 million worth of crypto, including 24,830 ETH — an amount worth roughly $75.8 million as of press time. The remainder of the exploited funds were in the form of drained liquidity conected to the protocols governance token. अपना क्रिप्टो दैनिक संक्षिप्त प्राप्त करेंn दैनिक वितरित, सीधे आपके इनबॉक्स में। Transaction data indicates that the exploiter has since begun moving funds to Tornado, an Ethereum-based mixer that obfuscates the source of funds that move through it. As for how the exploit was carried out, signs indicate that the exploiter used an accumulation of governance tokens — obtained through a flash loan — to create a fake protocol improvement proposal to gift funds held in the protocol to an address used to raise donations for the government of Ukraine.