Coin Bureau|Aug 22, 2026 12:44
🚨BREAKING: BounceBit to permanently SHUT DOWN its Layer 1 blockchain and migrate to BNB Chain following a $3M exploit.
An attacker exploited an authorization flaw to transfer 286.5M BB tokens from nine accounts, without compromising any private keys or wallets.
BounceBit will retire the chain, cancel the unauthorized transfers using a pre-attack snapshot, and reissue BB as a BEP-20 token on BNB Chain, with holders expected to receive the new tokens automatically.(Coin Bureau)
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