🚨 $BB PERMANENTLY SHUTS DOWN CHAIN AFTER EXPLOIT FOR A CLEAN BNB CHAIN RESTART! 💥
BounceBit took a heavy hit after an Evmos authorization bug allowed an attacker to siphon 286.5M $BB tokens from mainnet accounts. 🔍 Fortunately, core CeDeFi vaults, Prime, and RWA products stayed completely untouched with no compromise.
Instead of attempting a messy patch, the team executed a swift move by permanently shutting down the chain. ⚡ They are reissuing $BB as a BEP-20 token on BNB Chain using a pre-exploit snapshot, effectively neutralizing the attacker’s stolen stash.
Existing holders get an automatic distribution with zero wallet migration required. 💬 Is this hard chain shutdown and migration to BNB Chain the ultimate recovery play or a massive red flag? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BB #BNBChain #Crypto #Security #BounceBit
🛡️ 👁️
BounceBit took a heavy hit after an Evmos authorization bug allowed an attacker to siphon 286.5M $BB tokens from mainnet accounts. 🔍 Fortunately, core CeDeFi vaults, Prime, and RWA products stayed completely untouched with no compromise.
Instead of attempting a messy patch, the team executed a swift move by permanently shutting down the chain. ⚡ They are reissuing $BB as a BEP-20 token on BNB Chain using a pre-exploit snapshot, effectively neutralizing the attacker’s stolen stash.
Existing holders get an automatic distribution with zero wallet migration required. 💬 Is this hard chain shutdown and migration to BNB Chain the ultimate recovery play or a massive red flag? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BB #BNBChain #Crypto #Security #BounceBit
🛡️ 👁️