{"id":633343,"date":"2026-07-22T20:11:40","date_gmt":"2026-07-22T20:11:40","guid":{"rendered":"https:\/\/news.bitcoin.com\/?p=833228"},"modified":"2026-07-22T20:11:40","modified_gmt":"2026-07-22T20:11:40","slug":"another-stablecoin-bites-the-dust-as-blc-crashes-from-1-to-near-worthless","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/07\/22\/another-stablecoin-bites-the-dust-as-blc-crashes-from-1-to-near-worthless\/","title":{"rendered":"Another Stablecoin Bites the Dust as BLC Crashes From $1 to Near Worthless"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/another-stablecoin-bites-the-dust-as-blc-crashes-from-1-to-near-worthless-768x432.png\" class=\"attachment-medium_large size-medium_large wp-post-image\" alt=\"Balance Coin price on July 22\" style=\"float:left;margin:0 15px 15px 0\" \/>Balance Coin, an algorithmic stablecoin built on BNB Chain, lost more than 99% of its value on July 22, 2026, after an attacker manipulated a price oracle and drained roughly $912,000 in bitcoin-backed collateral from vaults controlled by 42DAO, the protocol&#8217;s governing organization. Security firms Peckshield and Slowmist confirmed the exploit within hours of the [&#8230;] <a href=\"https:\/\/news.bitcoin.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Balance Coin, an algorithmic stablecoin built on BNB Chain, lost more than 99% of its value on July 22, 2026, after an attacker manipulated a price oracle and drained roughly $912,000 in bitcoin-backed collateral from vaults controlled by 42DAO, the protocol&#8217;s governing organization. Security firms Peckshield and Slowmist confirmed the exploit within hours of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":633344,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":{"0":"post-633343","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/633343","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=633343"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/633343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/633344"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=633343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=633343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=633343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}