Security
YZi Labs-backed BounceBit Chain shuts down after $3M exploit
Protos·August 21, 2026·1 min read
BounceBit Chain, a bitcoin restaking firm backed by YZi Labs, is shutting down after hackers stole over $3.1 million of its BB token. The exploit led to the company's decision to cease operations, highlighting security vulnerabilities in the restaking sector and impacting users of the affected token.
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