Balance Coin (BLC) Crashes 99% After 42DAO Suffers Exploit
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Balance Coin (BLC) collapsed by over 99% after DeFi protocol 42DAO was exploited, with security researchers estimating about $915,000 was drained from the platform. The attack pushed BLC from nearly $1 to fractions of a cent in one sudden move, highlighting ongoing security risks for DeFi, potential negative market impact and adoption headwinds amid a string of 2026 breaches.
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Balance Coin (BLC) collapsed by over 99% on Tuesday after DeFi protocol 42DAO suffered an exploit that security researchers estimate may have drained about $915,000 from the platform.
The attack sent BLC from nearly $1 to fractions of a cent in one fell swoop, adding another entry to a growing list of crypto protocols breached in 2026.
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