Stablecoin protocol Beanstalk hit by $182 million exploit
According to security firm Peckshield, a flash loan attack on the credit-based stablecoin protocol Beanstalk resulted in the theft of $182 million in tokens.
A malicious DAO proposal
The attacker took out a $900M flash loan on Aave,a type of uncollateralized lending. They then used these funds to add liquidity to a BEAN + 3pool, a liquidity pool for stablecoins on a decentralized exchange Curve. The attacker then used the funds to accept an improvement proposal (BIP) to drain the protocol's liquidity, which the attacker was able to pass with its own funds and drain the protocol's liquidity worth more than $180 million. Interestingly, after the attack, he donated $250k to Ukraine, which was coded into the contract when the attack was carried out.Even though the attack is still under investigation and the information is not entirely confirmed, the protocol lacked safeguards to prevent this type of DAO proposal. A user should not be able to borrow a large sum of money to approve a proposal quickly. According to one of the founders, Publius, users' funds are unlikely to be refunded because there is no venture funding, and the attacker is currently attempting to siphon off its funds using Tornado Cash.
What is Beanstalk?
Beanstalk is an Ethereum-based decentralized credit-based stablecoin protocol launched in August 2021. It has its stablecoin, $BEAN, which is uncollateralized. Instead of using collateral, it stated that it relies on a community of lenders to keep Bean pegged by offering incentives to users, lenders, and arbitragers. The protocol had gained popularity due to its high yield. Its stablecoin, $BEAN, currently has a market cap of around $40 million, but it's unlikely people can withdraw because there is no liquidity.100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
