Beanstalk Farm Hack

Earlier this week, Ethereum-based stablecoin project Beanstalk Farms suffered losses totaling $182 million after falling victim to a governance exploit. This is the second DeFi protocol to experience a breach in security since the start of this month. The attackers drained Beanstalk Farms of all its collateral funds and the token's price fell soon after. The BEAN stablecoin lost about 86% of its value which originally rested at $1. How did the Attack Occur? Behind the breach were 2 suspicious …