đšBREAKING: 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.
- by CoinBureau
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.
- by CoinBureau