Friday, October 7, 2022
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Beanstalk Farms stablecoin attacked

By DAC000 , in Smart Contract stablecoin , at April 17, 2022 Tags: ,

with total losses approaching $182M ($33M of Wrapped Ethereum directly seized by the attacker, the rest due to a collapse in liquidity), this protocol might just completely collapse due to lack of VC backing. About a two minute read.

Comment: and now you know why I tirelessly advocate for Smart Contract audits, BEFORE funds are solicited. This isn’t the first time we’ve seen new contracts exploited, and until audits are a normal part of doing business we’ll likely see more.