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Tag Archives: Stephen Diehl

Beanstalk Crypto Platform Sees $180 Million Disappear

A crypto system known as Beanstalk has been infiltrated and ultimately lost more than $180 million in reserves. The hack occurred through unusual means in which an attacker used borrowed funds to garner the voting rights necessary to transfer all the money into his (or her) own personal account. Beanstalk Has Lost a Lot of Money On its website, Beanstalk is described as a “decentralized” asset that’s also a stable currency. While Beanstalk itself is the network in which...

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