Security
YZi Labs-Backed BounceBit Shuts Down Chain After 286M BB Exploit
Coinpedia·August 21, 2026·1 min read
BounceBit, backed by YZi Labs, is permanently shutting down its Layer 1 blockchain after an attacker moved 286.5 million BB tokens worth over $3.1 million through a flaw in the network's authorization system. The project will reissue BB tokens on BNB Chain, ending its standalone chain after more than two years.
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