Crypto history
Beanstalk governance takeover
Beanstalk lost funds in 2022 after flash-borrowed voting power enabled a malicious governance proposal.
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In this article
Overview
Beanstalk lost funds in 2022 after flash-borrowed voting power enabled a malicious governance proposal.
Why it matters
Transparent votes did not protect the treasury when voting and execution occurred inside 1 transaction.
What to check
Review quorum, delay and emergency powers together.