Tech · World

Balance Stablecoin Collapses 99% After $1 Million Exploit

1 sourceFirst reported 3 hours agoUpdated 3 hours ago

AI summary: catch up in 20 seconds

The Balance stablecoin collapsed by 99% on July 22, 2026.
The collapse followed a $1 million exploit that drained its bitcoin vaults.
An attacker manipulated the lending system with a fake, low bitcoin price.
This allowed the attacker to liquidate vaults and profit from the difference in a single transaction.

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AI summary: catch up in 20 seconds

The Balance stablecoin collapsed by 99% on July 22, 2026.
The collapse followed a $1 million exploit that drained its bitcoin vaults.
An attacker manipulated the lending system with a fake, low bitcoin price.
This allowed the attacker to liquidate vaults and profit from the difference in a single transaction.

Generated by AI from the 1 sources below · always verify with the originals