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Balance stablecoin collapses 99% after $1 million exploit drains its bitcoin vaults
Balance stablecoin experienced a 99% collapse following a $1 million exploit that drained its Bitcoin vaults. The incident highlights vulnerabilities in cryptocurrency security and financial stability.
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Adjacent reporting
- Balance Coin crashes 99% after reported $915K exploit
- Euro and USD stablecoins depeg amid ongoing $2.8M StablR exploit
- Stablecoin transaction volume hits record $1.79T in June
- Attackers Exploit 'Ill Bloom' Vulnerability to Drain $3.1 Million From Cryptocurrency Wallets
- Escape the crypto volatility.
- StablR’s EURR and USDR depeg after attacker mints $13.5 million in unbacked tokens through multisig exploit