POPA ReconBounceBit Chain Permanently Shuts Down After $286.5M Exploit
BounceBit Chain Permanently Shuts Down After $286.5M Exploit BounceBit has decided to permanently disable BounceBit Chain after an attacker exploited an authorization vulnerability in the Evmos-based protocol, transferring 286.5M BB from nine mainnet accounts across 14 transactions. The exploit was caused by a protocol-level authorization flaw and did not involve private key leaks, wallet compromises, or exchange breaches. BounceBit’s CeDeFi Strategy, Promo Vaults, Prime, and RWA products were not affected. BounceBit will reissue BB as a BEP-20 token on BNB Chain, using a snapshot from bloc…
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