The post YZi Labs-Backed BounceBit Shuts Down Chain After 286M BB Exploit appeared first on Coinpedia Fintech News
YZi Labs-backed BounceBit is permanently shutting down its own Layer 1 blockchain after an attacker moved 286.5 million BB tokens (worth more than $3.1 million) through a flaw in the network’s authorization system. The project will instead reissue BB tokens on BNB Chain, ending BounceBit’s standalone chain after more than two years. BounceBit Ends Its …
 The post YZi Labs-Backed BounceBit Shuts Down Chain After 286M BB Exploit appeared first on Coinpedia Fintech News
YZi Labs-backed BounceBit is permanently shutting down its own Layer 1 blockchain after an attacker moved 286.5 million BB tokens (worth more than $3.1 million) through a flaw in the network’s authorization system. The project will instead reissue BB tokens on BNB Chain, ending BounceBit’s standalone chain after more than two years. BounceBit Ends Its …Â
This articles is written by : Nermeen Nabil Khear Abdelmalak
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