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BTC 80,828 ▲0.75%ETH 2,356 ▲1.74%BNB 743.54 ▲2.70%XRP 1.31 ▲2.49%SOL 102.03 ▲1.62%TRX 0.33 ▲0.09%FIGR_HELOC 1.06 ▲2.32%ZEC 1,219 ▲5.22%HYPE 77.53 ▲2.61%DOGE 0.07754 ▲1.57%XMR 601.19 ▼0.81%WBT 77.8 ▲0.91%

Algorithmic Stablecoin

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A close-up image of bitcoins placed on a sparkling gold glitter background, symbolizing cryptocurrency wealth.
NEWSJUL 22, 2026
Balance Coin Collapses as Bitcoin Oracle Exploit Drains Protocol Vaults
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.