Balance Coin crashes from $1 peg as exploit drains $1M from Bitcoin vault

Balance Coin fell by ~99% on Wednesday, after an attacker distorted its BTCB price oracle and carted away with $912,000 out of the project’s treasury, losing almost all of its value.  Balance Coin (BLC) is an algorithmic stablecoin tied to the dollar; it’s built to trade at $1 and nothing more. It traded at around...