🚨 ANOTHER DAY. ANOTHER REASON THE WORLD NEEDS $ICP. Another so-called “stablecoin” has just proven how fragile much of DeFi infrastructure still is. Balance Coin ($BLC), designed to maintain a $1 peg using Bitcoin-backed collateral, has collapsed by more than 99% after an oracle manipulation exploit. According to SlowMist, the attacker supplied the protocol with an artificially low BTC price through its oracle, triggering mass liquidations across collateralized vaults. The attacker then acquired the liquidated collateral and converted it into approximately $912,000 in profit. The damage speaks for itself: • $1 stablecoin ➜ approximately $0.00075 • More than 99% of value destroyed • Around $912,000 extracted by a single attacker • Entire circulating supply of 3.51 million BLC now valued at just ~$2,570 How many more oracle failures… How many more exploits… How many more “decentralized” protocols have to fail before the industry starts prioritizing secure infrastructure over hype? Security is not optional. Trust is not a marketing slogan. Infrastructure matters. This is exactly why projects building robust, decentralized and secure compute deserve attention. $ICP continues to focus on eliminating entire classes of infrastructure risk through native on-chain computation, threshold cryptography, Chain Key technology and a decentralized architecture designed to reduce reliance on vulnerable centralized components. The future won’t be built on systems that keep breaking. Stay SAFU. 🛡️ @dfinity @dominic_w @ICPSquad @icphubs #ICP #InternetComputer #DFINITY #Web3 #Blockchain #DeFi #Stablecoin #CyberSecurity #Crypto #OnChain #Decentralization Donations to support my independent $ICP research and content are always appreciated: ICP Donation Address: 1e672d038cebc619d93186418fa98f6499dbdb9cfdfac54f366c61a4a4ee4362