BounceBit shuts down its blockchain for good and moves BB to BNB Chain after exploit
BounceBit (
@bouncebit) will permanently sunset its Layer 1 after an attacker exploited an authorization flaw in a protocol-level module, moving roughly 286.5 million $BB from nine accounts before block production halted on August 20.
The token will be reissued as a BEP-20 on
@BNBCHAIN from a pre-theft snapshot, excluding all attacker funds. BounceBit said no private keys were compromised and its CeDeFi products are unaffected.