Balance Coin fell more than 99% after an attacker manipulated 42DAO’s Bitcoin price oracle and drained approximately $912,000 to $915,000 from collateralized vaults. Missing deviation checks, drawdown limits, price floors, oracle validation, and liquidation delays allowed false BTCB pricing to trigger instant liquidations in one transaction. BLC traded near $0.0014 to $0.
Source: Read the original article
