BounceBit Retires Its Chain After Attacker Moves 286.5 Million Tokens

BounceBit Retires Its Chain After Attacker Moves 286.5 Million Tokens is being tracked by Portal2Earn as a news signal from BeInCrypto.

<p>BounceBit will permanently shut down its Layer 1 blockchain after an attacker moved 286.5 million BB out of nine mainnet accounts. The project will reissue the token as a BEP-20 asset on BNB Chain.

The team said the attacker compromised no private keys, wallets, or hardware devices. The unauthorized transfers came from a protocol-level authorization</p> <p>The post <a href="https://beincrypto.com/bouncebit-exploit-chain-sunset-bb-reissue/">BounceBit Retires Its Chain After Attacker Moves 286.5 Million Tokens</a> appeared first on <a href="https://beincrypto.com">BeInCrypto</a>.</p>

Source context: the original item is available at https://beincrypto.com/bouncebit-exploit-chain-sunset-bb-reissue/. This draft is based on extracted article context and should be checked by an editor before publication.

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