Credit-based stablecoin protocol Beanstalk Farms saw its own governance proposal system exploited, enabling the malicious actors to extract all of its $182 million in collateral. This latest security breach of a decentralized finance (DeFi) protocol occurred at 12:24 pm UTC. The hacker reportedly took over $1 billion in flash loans from the AAVE (AAVE) protocol denominated in DAI (DAI), USD Coin (USDC), and Tether (USDT) stablecoins.