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Security Cointelegraph

Once hacked for $77M, Beanstalk’s algo stablecoin protocol relaunches

Beanstalk Farms’ stablecoin protocol was relaunched on Saturday, with the team working to hopefully reclaim the $100 million market cap of its BEAN stablecoin prior to the hack in April.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Once hacked for $77M, Beanstalk’s algo stablecoin protocol relaunches

Beanstalk Farms’ stablecoin protocol was relaunched on Saturday, with the team working to hopefully reclaim the $100 million market cap of its BEAN stablecoin prior to the hack in April.

Why this matters

This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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