<p>Beanstalk, a credit-focused stablecoin protocol built on Ethereum, was exploited Sunday morning.</p> <p>The protocol lost about $182 million in various crypto assets, <a class="c-link" href="https://twitter.com/peckshield/status/1515713013868814336" target="_blank" rel="noopener noreferrer" data-stringify-link="https://twitter.com/peckshield/status/1515713013868814336" data-sk="tooltip_parent">according to</a> blockchain findings of security firm PeckShield.</p> <p>Meanwhile, the hacker got away with $80 million that was funneled through Tornado Cash, a cryptocurrency mixer <span class="ILfuVd"><span class="hgKElc">protocol allowing private transactions</span></span>, PeckShield said.</p> <p>The attacker obtained 24,830 ETH -- an amount worth roughly $75.8 million as of press time. The remainder of the exploited funds were in the form of drained liquidity connected to the protocol's governance token.</p> <p>As for how the exploit was carried out, signs indicate that the exploiter used an accumulation of governance tokens -- obtained through <a href="https://etherscan.io/tx/0xcd314668aaa9bbfebaf1a0bd2b6553d01dd58899c508d4729fa7311dc5d33ad7" target="_blank" rel="noopener">a flash loan</a> -- to create a fake protocol improvement proposal to gift funds held in Beanstalk to an address used to raise donations for the government of Ukraine. </p> <p><i data-stringify-type="italic">Update: This article has been amended to clarify that the hack amount was $182 million based on the latest findings.</i></p>