Security
BounceBit to Shut Down L1 Chain Following $3M Exploit
CryptoDnes·August 22, 2026·1 min read
BounceBit will permanently shut down its L1 chain after a $3M exploit, migrating BB tokens to BNB Chain using a pre-attack snapshot to restore balances. The decision follows the security breach and aims to compensate affected users. The migration to BNB Chain marks a significant shift for the project's infrastructure and token holders.
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