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Balance Coin Collapses as Bitcoin Oracle Exploit Drains Protocol Vaults

By FXCOINZ Editorial

3 hours ago

Balance Coin, an algorithmic stablecoin designed to track a dollar peg, plunged more than 99% after an attacker exploited a pricing flaw tied to its bitcoin collateral system. The incident drained about $912,000 from 42DAO and intensified scrutiny of DeFi oracle design and liquidation safeguards.