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Balance Coin crashes 99% after $915K hack exploiting Bitcoin price oracle on BNB Chain

Market News
22 Jul 2026
Blockonomi
View Source
Bearish
pluang ai news

Balance Coin (BLC), an algorithmic stablecoin on BNB Chain, plunged over 99% after hackers exploited a Bitcoin price oracle vulnerability to mint unauthorized tokens worth about $915,000. The attackers manipulated the price feed, causing the protocol to liquidate Bitcoin-collateralized vaults and flood the market with unbacked BLC, crashing its value from around $1 to near zero. This incident highlights ongoing security risks in DeFi platforms relying on price oracles and weak safeguards. The 42DAO team managing Balance Protocol has yet to release an official statement on the breach.

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Investec Bank discloses equal purchase and sale of 19,855 Gamma Communications shares at ~950p each.

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Investec Bank discloses share dealings in Advanced Medical Solutions Group on July 21, 2026.

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