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. ...

🚨UPDATE: Blockchain security firm SlowMist says a single-transaction combo exploited missing price protection and liquidation delays, letting an attacker liquidate multiple BTCB vaults using an abnormally low oracle price.Full report: https://t.co/Lw4VuL5XpGCointelegraph (@Cointelegraph):🚨 ALERT: Balance Coin $BLC has crashed 99% after 42DAO was exploited for roughly $915,000, per PeckShieldAlert. https://t.co/MpAxvlo2pD ...

🚨 ALERT: Balance Coin $BLC has crashed 99% after 42DAO was exploited for roughly $915,000, per PeckShieldAlert. https://t.co/MpAxvlo2pD ...