BounceBit Shuts Down L1 After $3M Exploit, Putting BB Traders on Alert

BounceBit will permanently shut down its Layer 1 blockchain after an attacker moved approximately 286.5 million BB through a protocol-level authorization flaw. The tokens were worth about $3.3 million when the incident occurred. BounceBit halted block production and chose to reissue BB on BNB Chain, creating immediate questions around exchange trading, liquidity, migration timing, and […] Read The Full Article BounceBit Shuts Down L1 After $3M…