Woofun AI reports that Balance Coin, the native algorithmic stablecoin of the Balance Protocol, depreciated from $0.9954 to $0.001358, marking a decline exceeding 99%. The depegging coincided with an exploit targeting 42DAO, the decentralized autonomous organization governing the protocol and its BLC token, resulting in losses of $915,000. Security firm TenArmor identified suspicious attack activity involving GemJoin and 42DAO on the BNB Chain.