Security
Down 99%: Balance Coin Collapses After Split-Second Oracle Bug
U.Today·July 22, 2026·1 min read
Balance Coin (BLC) collapsed 99% after a split-second oracle failure on 42DAO. The bug drained $912,000 in a single transaction. The incident demonstrates how quickly oracle manipulation or failures can devastate stablecoin and lending protocols, wiping out nearly all value in moments.
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