Security
Balance Coin Crashes 99% After $915K Exploit Hits 42DAO Protocol
CoinCentral·July 22, 2026·1 min read
Balance Coin (BLC) lost over 99% of its value after a suspected exploit on BNB Chain. Attackers minted millions of unbacked BLC tokens and swapped them for USDT and BTCB. Two suspicious transactions extracted an estimated $915,000 from the 42DAO protocol. Security firms SlowMist and PeckShield linked the collapse to manipulation.
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