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Balance Coin crashes 99% after reported $915K 42DAO exploit – TON BOT

Balance Coin crashes 99% after reported $915K 42DAO exploit

Balance Coin (BLC), an algorithmic stablecoin meant to track the U.S. dollar, saw a 99% drop in value due to an exploit linked to 42DAO. Attackers minted unbacked BLC and exchanged them for USDT and BTCB, causing losses of $915,000. Similar unauthorized token creation attacks have affected other projects in the crypto industry.


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