How To Stole An Election: BeanStalk DAO $80million FlashLoan Attack Study Case.
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Credit: Khang Hoang, Giap Nguyen Summary On 17/04/2022, a hacker performed a brilliant attack against the Defi DAO BeanStalk. By leveraging the flash loan mechanism, the hacker made a $1b loan (YES, $1,000,000,000 LOAN) to gather 80% of the voting power of BeanStalk DAO. Then the hacker self-voted his malicious smart contract to replace the DAO governance. Finally, he was able to drain the whole project's pool of about
How To Stole An Election: BeanStalk DAO $80million FlashLoan Attack Study Case.
How To Stole An Election: BeanStalk DAO…
How To Stole An Election: BeanStalk DAO $80million FlashLoan Attack Study Case.
Credit: Khang Hoang, Giap Nguyen Summary On 17/04/2022, a hacker performed a brilliant attack against the Defi DAO BeanStalk. By leveraging the flash loan mechanism, the hacker made a $1b loan (YES, $1,000,000,000 LOAN) to gather 80% of the voting power of BeanStalk DAO. Then the hacker self-voted his malicious smart contract to replace the DAO governance. Finally, he was able to drain the whole project's pool of about