Source: CoinTelegraph ↗
Balance Coin crashes 99% after reported $915K exploit
What the source reports
The attack allowed the exploiter to liquidate multiple Bitcoin-backed vaults before swapping the assets for profit.
Read the original report on CoinTelegraph ↗Live market context
Market figures are live reference data, not evidence that this report caused a price movement. Not financial advice.
Related news
Open news desk →Galaxy pledges $5M for developers quantum-proofing Bitcoin
Galaxy pledged up to $5 million in grants for developers working on Bitcoin’s quantum security and elected a council of quantum-advisory experts to research quantum-resistant migration solutions.
As Bitcoin breaches $66K its latest bottom signal trapped buyers in a 20% loss
Bitcoin has climbed back from its June 30 low near $58,500, trading at near $66,000 as of press time. Options traders are still paying steep premiums for protection against another leg down, and traders on perpetual futures markets have resumed paying to hold leveraged long positions. Both readings sit in a middle zone, well short […]The postAs Bitcoin breaches $66K its latest bottom signal trappe...
Balance stablecoin collapses 99% after $1 million exploit drains its bitcoin vaults
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.