BounceBit will shut down its standalone Layer 1 and migrate to BNB Chain after a $3M exploit stole 286.5M BB tokens through an…

Rickler Feed (@rickler_feed), Aug 21, 2026, 18:30 UTC

BounceBit will shut down its standalone Layer 1 and migrate to BNB Chain after a $3M exploit stole 286.5M BB tokens through an authorization flaw - The Block 🔗 Discord · Leviathan · Source 🗺️ BounceBit · Layer 1 · Shut Down 🕵️ @Danicjade

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