Beanstalk Farms loses $182M in DeFi governance exploit
The stablecoin protocol saw its own governance proposal system exploited enabling the malicious actors to extract all of its $182 million in collateral.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The stablecoin protocol saw its own governance proposal system exploited enabling the malicious actors to extract all of its $182 million in collateral.
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Aave Proposal Targets $3.5M in Added Annual Revenue Through Reserve-Factor Changes
TL;DR: TokenLogic proposes changes to Aave's reserve factors across 54 reserves. Its model estimates $3.5 million in additional an...
Sui stablecoin supply climbs over 10% to $538M as the wider market shrinks
Sui's stablecoin growth amid market contraction highlights its unique appeal and potential for increased DeFi activity and ecosyst...
Visa Taps Anchorage Digital to Bring Western Union’s USDPT Into Stablecoin Settlement
Key Takeaways: Visa will provide its USDPT as an option for the settlement of stablecoins. USDPT is issued by Anchorage Digital Ba...
Thailand SEC Proposes Stablecoin Rules With 5M Baht Daily Caps for Crypto Transfers
Key Takeaways: Thailand suggests that daily deposits and withdrawals for stablecoins should be capped at 5 million baht. Only veri...
Aave user loses $305,000 after Across Protocol website hijack
Bitquery's November 12 update estimates $401,900 across nine wallets, including about $305,000 from one Aave deposit token. Read t...
Griffin Raises $20M to Bring Stablecoin Payments and Card Issuing to Its Banking Platform
Key Takeaways: Griffin raised $20 million in a Series B round at a valuation exceeding $100 million. The UK’s bank is set to intro...