The algorithmic stablecoin project Beanstalk Farms suffered a devastating hack in April 2022, suffering $182 million in losses from a governance attack and flash loan exploit on the project. The project tried a fundraiser to restore the stolen money, but only raised $10 million.Now, Beanstalk is re-launching, saying they’ve made changes to their governance model and security practices, and have received audits from two major firms.In June, the project creator stated that “The thing about a system like Beanstalk is that it works until it doesn’t. You can never actually know if it works, only that it has worked so far.”