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Balance Coin crashes 99% after oracle attack drains $912,000 from 42DAO
Jul 22, 2026
< 1 min read
by Hannah Collymore
for CryptoPolitan
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AI Overview
Balance Coin (BLC), an algorithmic dollar-pegged stablecoin, plunged roughly 99% after an attacker manipulated its BTCB price oracle and stole $912,000 from the project treasury. The exploit underscores critical DeFi oracle and security risks and caused severe token devaluation and loss of confidence in the protocol.
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Balance Coin fell by ~99% on Wednesday, after an attacker distorted its BTCB price oracle and carted away with $912,000 out of the project’s treasury, losing almost all of its value. Balance Coin (BLC) is an algorithmic stablecoin tied to the dollar; it’s built to trade at $1 and nothing more. It traded at around...
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In This News
Coins
$ 63.08K
+0.30%Predictions Markets
See what traders are focused on
Share: