Balance Coin crashes 99% after reported $915K exploit
Balance Coin fell more than 99% after blockchain security firms linked the stablecoin’s collapse to a reported $915,000 exploit involving 42DAO.
Quick take
Read original at Cointelegraph Balance Coin has crashed 99% after a reported $915,000 exploit of 42DAO, the decentralized organization governing the Balance Protocol ecosystem. The stablecoin is currently trading at $0.001358, down from $0.9954. Blockchain security firms PeckShield and TenArmor linked the collapse to a suspected attack.
Summarised by netranta from Cointelegraph. Open the original for the full story.
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