Balance Coin (BLC) plunged 99% after a $915,000 exploit targeted 42DAO, the decentralized organization behind Balance Protocol on BNB Chain. According to blockchain security firms including PeckShieldAlert, attackers manipulated a flawed BTCB oracle price update, triggering large liquidations, bad debt, and the sale of newly minted BLC tokens for USDT. BLC fell to around $0.001358 early Wednesday with no recovery yet. 42DAO has not released an official statement, and investors are awaiting further updates.
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