Attacker steal $182 millions from Ethereum-based beanstalk Stablecoin protocol

According to security firm PeckShield, a creditfocused, Ethereum-based stablecoin protocol known as Beanstalk is the latest target of cybercriminals. The DeFi protocol was exploited this Sunday in a flash-loan attack due to which Beanstalk lost around $182 million in crypto assets. Resultantly, the market for Beanstalk’s stablecoin, BEAN, collapsed. As per CoinGecko, the token’s market went down by 86% from its $1 peg.

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