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 granted by these Stalk tokens, the attacker was able to quickly pass a malicious governance proposal that drained protocol funds into a private Ethereum wallet.



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