Balance Stablecoin Collapses After Hacker Drains Bitcoin Vault

The Balance stablecoin (BLC) has collapsed in value after a hacker drained its Bitcoin collateral, causing the token to drop from $1.00 to around $0.0014 and wiping out nearly all of its nominal value. The incident highlights growing concerns over crypto security amid increasing AI-driven attacks.

By CryptoProwl Wed, July 22, 2026 at 6:42 PM GMT+3 1 min read · Yahoo Finance · July 22, 2026, 15:42 UTC

Balance Stablecoin Collapses After Hacker Drains Bitcoin Vault

Topics: bitcoin crypto_security hacking stablecoin

Read the full article at Yahoo Finance

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