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 from the platform on Sunday.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Finance MagnatesRelated market context
Moody’s Gives Sky Protocol Its First Stablecoin Credit Rating
Moody’s has given Sky Protocol a B3 rating with a stable outlook, marking the agency’s first rating of a stablecoin protocol. But...
Moody’s gives Sky Protocol B3 rating as institutional interest in USDS grows
Moody's assigned Sky a B3 issuer rating with a stable outlook, its first rating of a stablecoin protocol. Sky is also rated B- by...
Ledger Launches Bitcoin Loans, Letting Holders Borrow Without Selling
Unveiled at TOKEN2049 Singapore, the Morpho-powered Crypto Loan feature lets users borrow stablecoins against wrapped Bitcoin whil...
ESMA gives crypto firms 3 months to exit non-compliant stablecoins
ESMA urged EU crypto firms to halt services involving non-MiCA-compliant stablecoins, giving regulators three months to address ex...
SALT Lending says Bitcoin loans are paying for tuition and payroll, not just trades
Bitcoin-backed loans are diversifying financial strategies, potentially reshaping traditional lending and investment landscapes. T...
Solana stablecoin holders top 14 million, setting a new record
Solana's record stablecoin holders could boost SOL demand, enhance retail and institutional adoption, and intensify competition wi...