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Beanstalk

Apr 17, 2022

$181M
Lost
$181M
Recovered
$0
Net loss
$181M
Unrecovered0% recovered

An attacker flashloaned $1B+ from Aave, Uniswap, and SushiSwap to gain 2/3 governance voting power and execute malicious proposals (Bip18 to drain the protocol, Bip19 to donate to Ukraine as cover), stealing $181M in non-Bean assets.

How the exploit worked

View reproducible PoC

DAO + Flashloan.

Lost: $182 million

Source: DeFiHackLabs (SunWeb3Sec)

Target
DeFi
Classification
Governance
Technique
Flashloan Governance Attack
Attribution
Unknown
Chains
Ethereum

Event timeline

  1. Apr 17, 2022
    Exploit executed — $181M drained via flashloan governance attack
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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