Beanstalk cryptocurrency loses $182m of reserves in flash ‘attack’
by Alex Hern UK technology editor from Technology | The Guardian on (#5Y9KM)
Raider gains voting rights over digital currency and uses them to transfer contents of treasury
The Beanstalk cryptocurrency has been stripped of reserves valued at more than $180m (138m) in seconds, after an attacker used borrowed money to snap up enough voting rights to transfer the money away.
The lightning hostile takeover raises fresh questions about the unregulated nature of digital currencies and the lack of protections for investors.
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