Attacker Drains $182M From Beanstalk Stablecoin Protocol

Apr 18, 2022

Ethereum-based stablecoin protocol Beanstalk Farms was exploited for $182 million in a flash-loan attack over the weekend, making this the second nine-figure decentralized finance (DeFi) attack in a month. “The Hash” group discusses the hackability of governance dynamics in DeFi, the process of auditing blockchain protocols, and the idea that “code is law” in Web 3.