Beanstalk Farms stablecoin attacked

with total losses approaching $182M ($33M of Wrapped Ethereum directly seized by the attacker, the rest due to a collapse in liquidity), this protocol might just completely collapse due to lack of VC backing. About a two minute read.

Comment: and now you know why I tirelessly advocate for Smart Contract audits, BEFORE funds are solicited. This isn’t the first time we’ve seen new contracts exploited, and until audits are a normal part of doing business we’ll likely see more.

What are Stable Coins?

A very timely topic are stablecoins, because they’re in the news for perhaps the wrong reasons. So let’s talk about them and you’ll be informed!

What is a Smart Contract?

Ok now Smart Contracts are extremely important so you need to have at least a basic knowledge of what they are. So let’s chat about them!