Another Stablecoin Bites the Dust as BLC Crashes From $1 to Near Worthless

Balance Coin, an algorithmic stablecoin built connected BNB Chain, mislaid much than 99% of its worth connected July 22, 2026, aft an attacker manipulated a terms oracle and drained astir $912,000 successful bitcoin-backed collateral from vaults controlled by 42DAO, the protocol’s governing organization. Security firms Peckshield and Slowmist confirmed the exploit wrong hours of the […]