Balance stablecoin collapses 99% after $1 million exploitation drains its bitcoin vaults
Balance Coin, a low-circulation algorithmic stablecoin meant to hold a dollar peg, crashed more than 99% on Wednesday after an attacker exploited a pricing flaw in the protocol behind it, blockchain data shows. The token, which traded close to its $1 peg a day earlier, fell to around $0.0014, wiping out almost all of its […]
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