Morning Edition
Mon, Mar 23, 2026, 8:58 AM
Crypto markets are quiet with macro dominating—oil tumbling and Mideast headlines—but CT is buzzing over a classic Beanstalk flash-loan governance heist recap and Machi’s 335th liquidation. No major protocol news or ETF flows today.
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Beanstalk $182 M flash-loan heist retold
Reminder of how governance tokens can be weaponized via flash loans, reinforcing audit and vote-delay best practices.
Someone borrowed $1 billion, used it to vote themselves the right to rob a protocol, took $182 million and then even returned the billion In April 2022 an attacker took a $1 billion flash loan from Aave and used the borrowed money to buy enough governance tokens to control Beanstalk's voting system With 70% of the votes in hand they passed an emergency proposal that contained hidden code to drain every dollar from the protocol into their own wallet $182 million transferred in a single transaction Then he repaid the $1 billion loan in the same block because flash loans have to be returned instantly Profit: $76 million The protocol's lead dev went on Discord and wrote "We are fucked" The attacker also sent $250K to a Ukraine donation wallet during the robbery and then laundered everything else through Tornado Cash in 270 transactions The governance function that made this possible was never audited before it went live
Machi liquidated again, 335 times total
Iconic CT trader down to last $30 k after $44 M peak, illustrating perils of over-leveraged trading.
Machi(@machibigbrother) was liquidated again, and his account now has only $30,268 left. His record: • 335 liquidations — known as the King of Liquidations • From +$44.84M profit to -$33.35M loss https://t.co/P6lglcgpyo https://t.co/GojR6we6SO
ZachXBT flags war-panic bot network
Coordinated accounts fake geopolitical panic to shill crypto sites—CT warned to verify sources before acting.
RT @zachxbt: 1/ I uncovered a coordinated network of 10+ accounts manufacturing viral panic about war and politics to drive traffic to cryp…
Saudi Aramco cuts April crude supply
Lower oil flows to Asia could weaken global growth outlook, indirectly affecting BTC risk-sentiment.
BREAKING: Saudi Aramco cuts crude oil supply to Asian buyers for April. https://t.co/KHu9tHMlE5
Kraken advertises 800+ crypto markets
Exchange pushing chart-trading tools as volatility picks up, signaling retail outreach ahead.
Trade 800+ crypto markets with chart trading and custom alerts
Oil prices tumbling
Falling crude may ease inflation bets, softening rate-hike pressure—net bullish for risk assets like crypto.
Oil prices tumbling https://t.co/jQis5FAaDl