BSCN(@BSCNews):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.

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BSCN@BSCNews

2026.08.21 18:53

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.