Balance Coin Stablecoin Exploit: From $1 Peg to $0.0014 in One Attack
Covered by 4 sources · 4 articles
4 outlets - including Cryptodaily, Coin-turk and Cryptopolitan and 1 more - are covering this story. Balance Coin's 99% crash on July 22, 2026 followed an oracle exploit draining BTC vaults; attacker netted about $912k. What broke, who lost, and how to vet stablecoins.
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Balance Stablecoin Collapse: How an Oracle Exploit Broke the Peg
Balance Coin's 99% crash on July 22, 2026 followed an oracle exploit draining BTC vaults; attacker netted about $912k. What broke, who lost, and how to vet stablecoins.
Balance Coin collapses 99% after $912,000 exploit, loses dollar peg
🚨 $912,000 was stolen as $BLC crashed 99% after a major security exploit. 🪙 An attacker manipulated BLC's price oracle and triggered mass liquidations. 💸 The hacker swapped millions of BLC for other crypto on PancakeSwap in minutes. ⚠️ A…
Balance Coin crashes from $1 peg as exploit drains $1M from Bitcoin vault
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 t…
Balance Coin Stablecoin Exploit: From $1 Peg to $0.0014 in One Attack
An algorithmic stablecoin called Balance Coin was trading near its $1 peg one day — and then it wasn’t. By the time blockchain data confirmed what had happened, the token had shed more than 99% of its value, collapsing to roughly $0.0014 af…