Svmuu News: The algorithmic stablecoin Balance Coin has fallen from $0.9954 to $0.001358, a drop of more than 99%. This stablecoin is the native algorithmic stablecoin of the Balance Protocol and is designed to maintain a peg to the U.S. dollar.
Blockchain security firm PeckShield stated that the de-pegging occurred after 42DAO—the decentralized autonomous organization (DAO) governing the Balance Protocol and its BLC token—was hit by a $915,000 exploit. TenArmor reported that it detected a suspicious attack on the BNB Chain involving GemJoin and 42DAO.
Disclaimer:All content on this platform is sourced from the internet and is provided for informational purposes only. None of the content represents the views of this site, nor does it constitute investment advice. Please exercise caution when investing.
Faster global financial news!
Balance Coin Plummets Over 99%; 42DAO Reportedly Hit by a $915,000 Attack
21/07/2026 23:20
Complaint Report
Complaint Report
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
What Are Some Legitimate and Reliable Cryptocurrency Exchanges? An In-Depth Analysis of the World’s Leading Platforms
-
2
The White House is urging Senate Democrats to accept the agreement on the ethical provisions of the Clarity Act regarding cryptocurrency
-
3
Falcon Finance Launches the USDf Card, Available in Over 90 Jurisdictions
-
4
FTD Token Analysis: The Current Status and Market Performance of the Forty Two DAO Token
-
5
Bitcoin It once hit an all-time high, so why are so many investors still failing to turn a profit?
-
6
Recommended Must-Have Cryptocurrency Apps for 2026: A List of Centralized Exchanges, Wallets, and Utilities
-
7
What Is MOCHI? An Analysis of the Mochi Token on the Base Chain and a Trading Guide
-
8
What Is the SERG Coin? An Analysis of the SERG Token’s Market Status and Trading Activity
-
9
Is PAXG a Major Cryptocurrency? An In-Depth Look at Pax Gold and Its Founder
-
10
CLARITY Bill Passes Senate Committee: A Milestone in Digital Asset Regulation and Market Reaction at Bitcoin
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
Coming Soon!
