Ethereum-based stablecoin Beanstalk (BEAN) is removing hacking ground on its one-year anniversary.
Beanstalk faced $182 million worth of hacks about four months ago. Seeing almost zero after the hack, Beanstalk announced that it would enter the market by making a fresh start.
“Beanstalk in the wild once again”
After $182 million in losses, which is among the biggest hacks of all time, Beanstalk is fully believing in itself again.
“Today, Beanstalk Farms is excited to announce that Beanstalk will not be discontinued on its first anniversary,” Beanstalk Farms wrote on its Twitter account. he shared.
Today, Beanstalk Farms is thrilled to announce that Beanstalk has been Unpaused on the one year anniversary of its initial deployment.https://t.co/HxZmwWksZe
— Beanstalk Farms (@BeanstalkFarms) August 6, 2022
In the statement made on the website of the project, which stated that the collateral requirements will be eliminated, the following words were included:
“The Beanstalk experiment is in the wild once again. It’s impossible to predict how it will perform, but Beanstalk Farms has full faith in it. Beanstalk can accelerate the creation of a trustless currency that unlocks the potential of decentralized finance for everyone.”
You can track the market value of BEAN here:
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