Crypto-Follow logo Crypto-Follow logo
Ethereum World News 2022-04-17 13:39:41

Beanstalk DAO Allegedly Suffers Flash Loan DeFi Exploit Worth $75M

Quick summary: Beanstalk DAO has reportedly been exploited for $75 million through a flash loan The exploiter made a proposal to ‘Give 250k Bean to Ukrain’ kick-starting the exploit The team at PeckShiled Inc has notified the team at Beanstalk The exploiter has already started transferring some of the Ethereum to Tornado Cash The DeFi industry is potentially facing a new exploit less than a month after the $625 million hack on Axie Infinity. According to crypto-twitter member @0revenue, Beanstalk […]

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer