{"id":632975,"date":"2026-07-22T03:53:03","date_gmt":"2026-07-22T03:53:03","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/07\/22\/balance-coin-crashes-99-after-reported-915k-exploit\/"},"modified":"2026-07-22T03:53:03","modified_gmt":"2026-07-22T03:53:03","slug":"balance-coin-crashes-99-after-reported-915k-exploit","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/07\/22\/balance-coin-crashes-99-after-reported-915k-exploit\/","title":{"rendered":"Balance Coin crashes 99% after reported $915K exploit"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/red.jpg\" alt=\"Balance Coin crashes 99% after reported $915K exploit \" class=\"type:primaryImage\" \/><\/p>\n<p>Blockchain security firms linked the collapse to a suspected attack on 42DAO, the decentralized organization that governs the Balance Protocol ecosystem.<\/p>\n<p>Balance Coin, an algorithmic stablecoin designed to maintain a peg to the US dollar, has fallen more than 99% following a reported exploit.<\/p>\n<p>The stablecoin, the native algorithmic stablecoin of Balance Protocol, is currently trading at $0.001358, down from $0.9954, <a href=\"https:\/\/coinmarketcap.com\/currencies\/balance-coin\/\" rel=\"noopener noreferrer\" target=\"_blank\">according<\/a> to CoinMarketCap. <\/p>\n<p>Blockchain security firm PeckShield on Wednesday <a href=\"https:\/\/x.com\/PeckShieldAlert\/status\/2079751809183433197?s=20\" rel=\"noopener noreferrer\" target=\"_blank\">said<\/a> the depeg followed a $915,000 exploit of decentralized autonomous organization 42DAO, which governs the Balance Protocol and its BLC token. <\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/algorithmic-stablecoin-balance-coin-plummets-99-after-exploit\">Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Blockchain security firms linked the collapse to a suspected attack on 42DAO, the decentralized organization that governs the Balance Protocol ecosystem. Balance Coin, an algorithmic stablecoin designed to maintain a peg to the US dollar, has fallen more than 99% following a reported exploit. The stablecoin, the native algorithmic stablecoin of Balance Protocol, is currently [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":632976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-632975","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/632975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=632975"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/632975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/632976"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=632975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=632975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=632975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}