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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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cointelegraph.com
Stabelcoin Balance Coin Crashes 99% After Reported $915K Exploit
Balance Coin has plunged more than 99% after a reported $915,000 oracle exploit that security researchers say allowed an attacker to trigger improper liquidations and profit from…
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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.
