Collective governance ultimately proved to be the downfall of Beanstalk. The entire crypto world is on edge after a string of hacks.
Ben Weintraub woke up to some bad news not long after quitting school to pursue a career in cryptocurrencies, reports New York Times.
In the previous three months, Weintraub and two of his University of Chicago classmates worked on a software platform called Beanstalk that offered a stablecoin, a type of cryptocurrency with a fixed value of $1. To their ...