Attacker Drains $182M From Beanstalk Stablecoin Protocol

In accordance with the abstract, the attacker took out a flash mortgage on lending platform Aave which enabled them to amass a considerable amount of Beanstalk’s native governance token, Stalk. With the voting energy granted by these Stalk tokens, the attacker was in a position to shortly go a malicious governance proposal that drained all …

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In accordance with the abstract, the attacker took out a flash mortgage on lending platform Aave which enabled them to amass a considerable amount of Beanstalk’s native governance token, Stalk. With the voting energy granted by these Stalk tokens, the attacker was in a position to shortly go a malicious governance proposal that drained all protocol funds into a personal Ethereum pockets.

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