One of the 12 largest DeFi, Crypto hacks. My summary here: https://crypto.security/crypto-blockchain-security/beanstalk-farms-exploit/
A series of fast transactions involving a $1B flash loan from the Aave protocol along with what must have been the longest 24h wait in the attacker’s life allowed them to take control of a massive pile of BEAN, then use them to generate enough Seed and Stalk tokens to give their wallet 70% of the supply, and then transfer all the funds from Beanstalk’s wallet to their own, ultimately making off with around $76M worth of stolen cryptocurrency, but leaving Beanstalk Farms out $182M in liquidity.
Cybersecurity firm DeFiSafety released a post-mortem with all the technical details.
