Revisiting Beanstalk Farms Exploit
ID: f7450b3b-9e79-59cd-bf27-737172fd42fc
STIX ID: report--f7450b3b-9e79-59cd-bf27-737172fd42fc
Feed Name: CertiK Blog
Threat Score
A flash-loan governance exploit targeted Beanstalk Farms on 2022-04-17: the attacker used flash loans to obtain and deposit large amounts of tokens to create voting power, passed a malicious proposal (InitBip18/BIP18) that enabled an emergencyCommit() transfer, drained protocol liquidity (reported ~$182M affected, ~$76M profit), converted proceeds to ETH and routed funds through Tornado Cash; Beanstalk paused governance following the incident.
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