Security
Balance Coin Crashes 99% After Attacker Feeds a Fake Bitcoin Price Into 42DAO
Unchained·July 22, 2026·1 min read
Balance Coin crashed 99% after an oracle-manipulation exploit let an attacker feed a fake Bitcoin price into 42DAO. The attacker liquidated collateralized vaults that should have been safe, netting about $912,000 and collapsing the stablecoin's peg. The exploit targeted the oracle system.
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