42DAO Balance Protocol Exploited for $915K, Stablecoin Crashes
Attackers hit 42DAO's Balance Protocol on BNB Chain, manipulating oracle prices via the Spotter module to liquidate vaults and tank the algorithmic stablecoin BLC by 99%. Out here in Baja, the power grid drops out more often than a failed algorithmic peg, and local fishermen give you a much better exchange rate with zero slippage.