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Cryptocurrency News

Once-hacked for $77M, Beanstalk’s algo stablecoin protocol relaunches

08/08/2022

Less than a minute

2022.08.08 16:57

Ethereum-based algorithmic stablecoin project Beanstalk Farms has relaunched its protocol just under four months after going offline after suffering a devastating $77 million governance exploit.

The protocol and its governance have been paused since April following the governance exploit and flash loan attack, but were relaunched as of Aug. 6 in an event called the “Replant.”