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Balance stablecoin collapses 99% after $1 million exploit drains its bitcoin vaults
An attacker fed the lending system a fake, abnormally low bitcoin price, liquidated vaults that should have been safe, and pocketed the difference in a single transaction.
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4 prospettive sulla stessa storiaTimeline cronologica
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coindesk.com
Balance stablecoin collapses 99% after $1 million exploit drains its bitcoin vaults
An attacker fed the lending system a fake, abnormally low bitcoin price, liquidated vaults that should have been safe, and pocketed the difference in a single transaction.
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cryptonomist.ch
Exploit stablecoin Balance Coin: crollo del 99%
L'exploit stablecoin Balance Coin ha causato un crollo del 99%, evidenziando vulnerabilità critiche nel sistema di prezzi.
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cryptobriefing.com
Balance stablecoin collapses after Bitcoin vault drained
Balance Coin collapses over 99% after a governance exploit drains its Bitcoin vault, highlighting vulnerabilities in DeFi systems.
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news.bitcoin.com
Another Stablecoin Bites the Dust as BLC Crashes From $1 to Near Worthless
Balance Coin crashed 99% after a hacker drained $912,000 from BTCB vaults using a price oracle exploit on BNB Chain.