Sat. May 28th, 2022

A flaw in the operations of Beanstalk Farms, a stablecoin protocol, allowed an unknown threat actor to siphon $182 million from the network, it has emerged.

A stablecoin is a cryptocurrency token tied to regular currency or another stable asset, such as gold. As such, stablecoins have a stable value compared to more volatile cryptocurrencies, such as bitcoin.

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