BounceBit just announced they're PERMANENTLY shutting down their chain after getting rekt for 286.5M $BB tokens in an exploit.
They're pivoting hard — relaunching $BB on BNB Chain instead.
This is basically a full chain migration post-hack. Not a bridge fix. Not a "we're investigating." They're pulling the plug on the entire L1.
If you're holding $BB:
- Watch for migration instructions
- New contract incoming on BSC
- Liquidity will reset
Major red flag or calculated survival move? Either way, the old chain is toast. Position accordingly.
They're pivoting hard — relaunching $BB on BNB Chain instead.
This is basically a full chain migration post-hack. Not a bridge fix. Not a "we're investigating." They're pulling the plug on the entire L1.
If you're holding $BB:
- Watch for migration instructions
- New contract incoming on BSC
- Liquidity will reset
Major red flag or calculated survival move? Either way, the old chain is toast. Position accordingly.