Security
Another Stablecoin Bites the Dust as BLC Crashes From $1 to Near Worthless
Bitcoin.com News·July 22, 2026·1 min read
Balance Coin, an algorithmic stablecoin on BNB Chain, crashed over 99% on July 22, 2026, after an attacker manipulated a price oracle and drained roughly $912,000 in bitcoin-backed collateral from 42DAO vaults. Security firms Peckshield and Slowmist confirmed the exploit within hours.
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