Balance stablecoin collapses 99% after $1 million exploit drains its bitcoin vaults

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📰 CoinDesk


➡️ Neutral

AI Summary

An attacker fed the lending system a fake, abnormally low bitcoin price, liquidated vaults that should have been safe, and pocketed the difference in a single transaction.

Market Impact

Analysis unavailable.


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⚠️ This analysis is AI-generated and for informational purposes only. Not financial advice.