A stablecoin pegged to $1 is now worth $0.0013.


The protocol had a CertiK audit.
Attacker manipulated the BTCB oracle price to trigger fake liquidations, then minted 4.5 million unbacked $BLC tokens and dumped them for real money. $915K extracted.
The exploit still worked. Audits check the code that's there. They don't check the code nobody thought to add.
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