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42DAO Oracle Exploit Crashes Balance Coin (BLC) 99% After $912K DeFi Hack

By Telemac

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Oracle manipulation resulted in the theft of about $912,000 from 42DAO, causing Balance Coin (BLC) to drop by over 99%. Lack of oracle authentication and protection mechanisms allowed the hacker to manipulate BTCB prices and initiate liquidations.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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