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Is it considered stealing if the attacker goes by the rules coded in the protocol? DeFi is learning the lessons the rest of the finance industry has done so the past ~100 years, and put guardrails against them. All I can say it’s very profitable to exploit DeFi right now:
Post detailsBeanstalk is a credit based stablecoin protocol that was hacked for ~$80 million an hour ago How? By flashloan-ing enough collateral to become a supermajority voter and create a proposal(BIP) to effectively rug the protocol all in 1 tx lets dive in 👇twitter.com/peckshield/sta…
surya (@sdand)Sun, 17 Apr 2022 14:14 +0000
Gergely Orosz (@GergelyOrosz)Sun, 17 Apr 2022 19:03 +0000
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