# Unauthorized-Mint Exploit Drains 42DAO of $915,000 and Collapses Balance Coin

The attack on a BNB Chain governance contract minted Balance Coin without authorization, part of a series of DeFi incidents tracked over recent weeks.

- Published: 2026-07-22T05:32:15.786Z
- Canonical: https://polylog.news/crypto/2026-07-22/unauthorized-mint-exploit-drains-42dao-of-915-000-and-collap
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [crypto.news](https://crypto.news/balance-coin-crashes-99-after-reported-915k-42dao-exploit/), [Rekt News](https://www.rekt.news/)

Balance Coin, an algorithmic stablecoin designed to hold a one-dollar peg and backed largely by Bitcoin Cash, fell more than 99 percent after an attacker exploited 42DAO, the governance entity for the Balance protocol, on BNB Chain. Securit…

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