The Beanstalk cryptocurrency lost 6.1 billion baht of reserves in a corporate flash loan attack when a raider obtained overwhelming voting rights to transfer money out of the organisation’s reserves. The Beanstalk decentralised autonomous organisation (DAO) functions similarly to a bank that pays interest while operating through smart contracts on the Ethereum blockchain. Its cryptocurrency, beans, are designed to have a value equal to one dollar. As a DAO, there were no authority figures in the project, but rather people could buy a governance token that allows them to make proposals and deci…