Jack Robs the Beanstalk [$182 Million]
In April, hackers descended upon crypto company Beanstalk, which describes itself as a “decentralized credit-based stablecoin protocol.” Whatever the hell that means, it sure didn’t stop a cybercriminal from conducting a “flash loan” attack that drained approximately $182 million in crypto from its coffers. The hacker then transferred the funds into a private wallet, absconding with the digital cash. “We are fucked,” commented one of the project’s developers following the hack. Sounds about right!
