Critical Smart contract exploit Source: Crypto Briefing

BounceBit to shut down its L1 chain and migrate to BNB Chain after 286.5M BB exploit

BounceBit will shut down its L1 chain and migrate to BNB Chain following an exploit that resulted in the loss of 286.5 million BB tokens. The migration emphasizes the need for robust blockchain infrastructure security.

Protocols
BounceBit
Chains
BNB Chain
Confidence
High
First seen
21 Aug 2026, 18:00 UTC

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