Bitcoin Restaking Platform BounceBit to Wind Down L1 Blockchain Following Exploit
BounceBit, a Bitcoin restaking and yield platform, has announced the permanent closure of its independent Layer 1 blockchain. The decision follows a security incident in which an attacker exploited a protocol-level authorization vulnerability, transferring roughly 286.5 million BB tokens—valued at around $3 million at the… Read More
Read more in: Blockchain & Digital Assets | Tagged bnb chain, bouncebit, exploit, hack