BounceBit to shut down its L1 chain and migrate to BNB Chain after 286.5M BB exploit
Covered by 6 sources · 6 articles
6 outlets - including Cryptodnes, Theblock and Coinedition and 3 more - are covering this story. BounceBit will permanently shut down its L1 chain after a $3M exploit, migrating BB tokens to BNB Chain using a pre-attack snapshot to restore balances. The post BounceBit to Shut Down L1 Chain Following $3M Exploit appeared first on Crypto…
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BounceBit to Shut Down L1 Chain Following $3M Exploit
BounceBit will permanently shut down its L1 chain after a $3M exploit, migrating BB tokens to BNB Chain using a pre-attack snapshot to restore balances.
BounceBit to sunset blockchain, migrate to BNB Chain after $3 million exploit
The attacker transferred approximately 286.5 million BB from nine wallets before block production was eventually halted.
YZi Labs-Backed BounceBit to Shut Down L1 After 286.5M BB Exploit
YZi Labs-backed BounceBit will shut down its Layer 1 after a hacker drained 286.5M BB, with the project moving its products to BNB Chain. Read The Full Article YZi Labs-Backed BounceBit to Shut Down L1 After 286.5M BB Exploit On Coin Editio…
BounceBit Chain to Sunset as $286.5M Exploit Forces Reissue
BounceBit will permanently shut down its L1 due to a major exploit. The move raises questions about the future of the project.
BounceBit to shut down its L1 chain and migrate to BNB Chain after 286.5M BB exploit
The migration to BNB Chain highlights the critical need for robust security measures in blockchain infrastructure to prevent future exploits. The post BounceBit to shut down its L1 chain and migrate to BNB Chain after 286.5M BB exploit appe…
BounceBit Shuts Down Chain After $286.5M BB Hack, Reissues Tokens on BNB Chain
BitcoinWorld BounceBit Shuts Down Chain After $286.5M BB Hack, Reissues Tokens on BNB Chain BounceBit, a Bitcoin restaking protocol, has announced it will permanently shut down its existing blockchain following a security breach that result…