Security
Balance Coin Stablecoin Exploit: From $1 Peg to $0.0014 in One Attack
The Cryptonomist·July 22, 2026·1 min read
Balance Coin, an algorithmic stablecoin, collapsed from its $1 peg to $0.0014 after an attacker exploited a critical pricing flaw. The token lost over 99% of its value in one attack. Blockchain data confirmed the exploit, highlighting vulnerabilities in algorithmic stablecoin designs.
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