Balance stablecoin collapses 99% after $1 million exploit drains its bitcoin vaults

AI Summary 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. fulltext: 171 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.coindesk.com/tech/2026/07/22/balance-stablecoin-collapses-99-after-usd1-million-exploit-drains-its-bitcoin-vaults Source: CoinDesk