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  "text": "None of the predicted agent-governance failure modes is hypothetical: agent-executed attacks appear in nascent form in flash-loan governance attacks executed by autonomous capital, including the Beanstalk exploit.",
  "author": {
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    "name": "Wulf A. Kaal",
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  "citation": "Wulf A. Kaal, The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis (2026). SSRN: https://ssrn.com/abstract=6819121",
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  "abstract": "None of these failure modes is hypothetical. The first has been documented in nascent form in flash-loan governance attacks executed by autonomous capital, including the Beanstalk exploit.",
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