Oracle pricing exploit
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Wu Blockchain· 2026-07-22 09:39
Balance Coin Collapses Over 99% After Oracle Pricing ExploitAlgorithmic stablecoin Balance Coin fell more than 99% from nearly $1 to $0.0014 after an oracle pricing exploit, wiping out nearly all of its roughly $3.5 million in nominal market value. SlowMist said the attacker fed the protocol an abnormally low Bitcoin price, liquidated ineligible vaults, and drained about $912K from 42DAO in a single transaction. ...