Blockchain security firms linked the collapse to a suspected attack on 42DAO, the decentralized organization that governs the Balance Protocol ecosystem.
Source: [CoinTelegraph](https://cointelegraph.com/news/algorithmic-stablecoin-balance-coin-plummets-99-after-exploit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)