Posts for: #algorithmic-stablecoin

Anatomy of the Balance Coin (BLC) Collapse: Centralized Oracle + Dai-Style Mint = $915K Gone

A forensic reconstruction of the 42DAO Balance Coin exploit on BNB Chain: how a centralized push oracle and Dai-style ward-gated minting combined to inflate BLC 28× and drain $915K. Verified entirely from on-chain bytecode and verified source via cast/forge/heimdall.

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