BounceBit Shuts Down Blockchain After $3M Exploit, Moves to BNB Chain
Security
An attacker stole 286.54 million BB tokens valued at approximately $3 million by exploiting an authorization flaw in the Evmos architecture. Block production on the Layer 1 network was halted at height 20,702,857 to stop unauthorized transfers. The protocol will issue a new BEP-20 token on BNB Chain based on a pre-exploit snapshot.
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