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Balance Coin Crashes 99% After $915,000 42DAO Exploit

By Coinpedia

Balance Coin Crashes 99% After $915,000 42DAO Exploit

The post Balance Coin Crashes 99% After $915,000 42DAO Exploit appeared first on Coinpedia Fintech News

Balance Coin (BLC) plunged 99% after a $915,000 exploit targeted 42DAO, the decentralized organization behind Balance Protocol on BNB Chain. According to blockchain security firms including PeckShieldAlert, attackers manipulated a flawed BTCB oracle price update, triggering large liquidations, bad debt, and the sale of newly minted BLC tokens for USDT. BLC fell to around $0.001358 …

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Source: Coinpedia