Sentiment: Negative
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BounceBit to Sunset Blockchain, Migrate to BNB Chain After $3 Million Exploit
By Kelvin Munene at 2026-09-29 01:34
Sentiment: Negative
TLDR BounceBit will permanently retire its standalone Layer 1 blockchain following a $3 million token exploit. An authorization flaw allowed an attacker to transfer 286.5 million BB tokens from nine accounts. BounceBit will reissue BB as a BEP-20 token on BNB Chain using pre-attack balances. The attacker’s 286.5 million BB tokens will be excluded from [...] The post BounceBit to Sunset Blockchain, Migrate to BNB Chain After $3 Million Exploit appeared first on CoinCentral. Continue reading...
Categories: Crime
Tags: #Crime #BNB Chain #BounceBit
Source Coin Central