BOUNCEBIT IS SHUTTING DOWN ITS LAYER 1 AFTER A $3M EXPLOIT
An attacker moved 286.5M $BB from 9 accounts by exploiting an authorization flaw without compromising private keys
BounceBit will shut down its L1 and reissue $BB as a BEP-20 token on BNB Chain using a pre-attack snapshot
A $3M exploit just ended an entire blockchain
August 23, 2026 971
