Beanstalk Farms, a permissionless fiat stablecoin protocol, has announced that it has increased the return bounty to 40% after deploying Hats Finance’s ethical return contract. Beanstalk Farm suffered...
Tag: Beanstalk
Algorithmic Stablecoin Beanstalk Is Wild Again On Its First Anniversary Months After $182M Exploit
Stablecoins didn’t have quite a good year so far. The dramatic collapse of Terra, a popular stablecoin, triggered a destructive crypto crash. Flagship currencies, Bitcoin and Ethereum, suffered great ...
Beanstalk Algorithmic Stablecoin Relaunches Four Months After $180 Million Hack – crypto.news
After a four-month hiatus, the Ethereum-based algorithmic stablecoin Beanstalk has relaunched its protocol. The protocol had been paused since April 17, when it suffered a massive governance breach an...
Algo Stablecoin Protocol Beanstalk Relaunches Following $180M Hack
Beanstalk said it has relaunced its protocol during its one year anniversary on the Ethereum mainnet It follows a $180 million governance exploit where a hacker managed to steal 24,830 ether and 36 mi...
Beanstalk stablecoin relaunches four months after $182 million exploit
The team behind the Beanstalk stablecoin has relaunched the project nearly four months after it lost $182 million in an exploit. The network was due to “unpause” at 12 p.m. ET today, according to a st...
Hacked Stablecoin Beanstalk Raises $9M for Market Protocol
A “significant portion” of the seed funding went to support a Beanstalk recapitalization token to pay back investors affected by the hack Root has been in talks with Polygon about using its zkEVM to v...
Root raises $9 million to build on top of hacked stablecoin issuer Beanstalk
Root Protocol, an on-chain marketplace for financial, prediction and commerce markets, today announced a $9 million equity round led by Road Capital. According to a release, Nima Capital, Soma Capita...
Hacked stablecoin Beanstalk seeks to borrow $77 million to revive itself
The team behind the stablecoin Beanstalk is raising $77 million in an over-the-counter loan from private investors as it seeks to revive the project following a major hack last month. On May 7, the Be...
Beanstalk Crypto Platform Sees $180 Million Disappear
A crypto system known as Beanstalk has been infiltrated and ultimately lost more than $180 million in reserves. The hack occurred through unusual means in which an attacker used borrowed funds to garn...
The Beanstalk Of The Algo Stablecoin Network Has Been Dramatically Cut Due To Such A Governing Takeover
Beanstalk protocol upgrades were supported via the Beanstalk Improvement Proposal (BIP) governance process, and as a result, an upgrade might run arbitrary code, allowing the attacker to collect their...
Crypto Weekly Roundup: Beanstalk Farms Hacked, Stripe Connect Announced, Binance’s Swastika Mishap, Lazarus On The Prowl, Moonbird Tops Trading Volumes, And More
North Korea’s Lazarus group is at it again. This time they are employing malicious apps to target employees and individuals in the crypto space in order to launch more sinister cybersecurity hacks. Ke...
Beanstalk Farms Offers a Whitehat Bounty to Hacker who Stole $76M in Crypto – crypto.news
On April 18, Beanstalk Farms, a credit-based stablecoin platform that suffered a hack of about $76 million in Crypto, promised a 10% bounty if the attackers reimbursed the cash. Hackers Can Keep $7.6...
Ukrainian Exchange KUNA Offers to Return $250k USDC of Stolen BeanStalk Farms Funds
– Advertisement – Ukrainian Exchange KUNA Says Unlike Russian soldiers They Would Return $250k USDC of Stolen BeanStalk Farms Funds. Ukrainian exchange KUNA has offered to return 250,000...
Beanstalk Farms offers plea deal to perpetrators of $76M exploit
Beanstalk Farms, a credit-based stablecoin protocol exploited for around $76 million in crypto on April 18, has offered a bounty of 10% if the attackers return the funds. The offer was posted on the ...
Beanstalk Crypto Asset Undergoes A Loss Worth Over $180M In An Attack
Beanstalk witnessed a massive reserves theft worth over $180 Million. The hacker borrowed crypto and deposited it in the project to gain voting rights. And eventually theft the project of its re...
Beanstalk hacked, $80 million stolen
Over the weekend, the decentralized protocol Beanstalk suffered an $80 million hacking attack. The hacker attack on the DeFi Beanstalk platform Hacker attack against the DeFi Beanstalk protocol The at...
Beanstalk Stablecoin Protocol Suffers $80M Loss in Hacking
An emerging Ethereum stablecoin protocol, Beanstalk has come off as the latest blockchain startup that suffered a breach from hackers with a massive loss of $80 million moved from the protocol. Pecksh...
Beanstalk Faces a Flash Loan Attack that Sees About $180M Vanish, Here’s All We Know So Far – crypto.news
Beanstalk Farms, an Ethereum-based stablecoin platform, has experienced a massive loss of funds in the latest major attack on its network. The Hacker Exploited Some Security Weaknesses in Beanstalk Pe...
Beanstalk Farms: Fraudster exploits worth $182M due to governance exploit
TL;DR Breakdown A governance flaw has led to a big exploit in the collateral of the Beanstalk Farms. The malicious actors took benefit of the possible breach in the collateral system, wiping it. The d...
$76 Million Wiped Out From Beanstalk Stablecoin Protocol in Hacking
Beanstalk has been built on Ethereum, and it is a decentralized credit-based stablecoin protocol. Beanstalk leverages its credit system to create a blockchain native asset that is liquid and decentral...
Exploit in DeFi Governance protocol at Beanstalk Farms resulted in $182mn loss
Initial probing showed the exploitation took place at its own governance proposal system after which turned out in capital loss Fraud and exploitation in any industry including crypto space results in...
Over $180 million wiped in stablecoin protocol Beanstalk flash loan heist
As the cryptocurrency market develops and grows, the more enticing its participants become to hackers. In the latest instance of a major attack on a decentralized finance (DeFi) platform, Ethereum-bas...
Beanstalk Farms Suffers Exploit Leading to $182 Million Loss
Beanstalk Farms is the latest project to fall victim to a security breach losing all of its $182 million collateral in the process. The credit-based stablecoin protocol was hit by a combination of two...
Credit-Based Stablecoin Beanstalk ($BEAN) Hacked for $182M
Beanstalk, a decentralized credit-based stablecoin protocol that is built on the Ethereum network, suffered a security exploit this weekend. Blockchain security firm PeckShield reported that Beanstalk...
Beanstalk Farms Loses $182M Through Governance Exploit
Beanstalk Farms became the latest high-profile Decentralized Finance (DeFi) exploit as malicious actors exploited the protocol’s governance system to extract all of its collateral. A Sinister Governa...
DeFi protocol Beanstalk loses $180M in exploit, hacker gains $80M
DeFi protocol Beanstalk Farms lost over $180 million to malicious players due to an exploit on April 17 that allowed a hacker to pass a governance proposal. The Ethereum-based stablecoin protocol’s ex...
Beanstalk Farms Lost $180M in Flash Loan Attack, Hacker Donates 250K USDC to Ukraine
Beanstalk Farms, an Ethereum-based stablecoin protocol, was exploited during the weekend, with the total losses skyrocketing to over $180 million. As a result, the native cryptocurrency (BEAN) plummet...
Stablecoin Protocol Beanstalk Loses $182M in Flash Loan Attack
Ethereum-based stablecoin protocol, Beanstalk Farms has fallen to be victim to a cyberattack as hackers drained $182 million in cryptocurrencies Cryptocurrencies By using cryptography, virtual curre...
Beanstalk Farms loses $182M in DeFi governance exploit
Credit-based stablecoin protocol Beanstalk Farms lost all of its $182 million collateral from a security breach caused by two sinister governance proposals and a flash loan attack. The problem for the...
DeFi Stablecoin Platform Beanstalk Suffers ~$80M Hack
Another DeFi platform took a major hit today, as the decentralized, credit-based stablecoin Beanstalk (with it’s stablecoin $BEAN) has broken it’s peg following a roughly $80M hack. Speculation has be...
Attacker Drains $182M From Beanstalk Stablecoin Protocol
According to the summary, the attacker took out a flash loan on lending platform Aave which enabled them to amass a large amount of Beanstalk’s native governance token, Stalk. With the voting power gr...
Beanstalk Suffers Massive Hack, BEAN Crashes to Zero
Alex Dovbnya A hacker has drained $80 million from Ethereum-based stablecoin protocol Beanstalk Beanstalk, an Ethereum-based stablecoin protocol, has been drained of more than $80 million worth of var...