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

BounceBit shuts down its Evmos-based L1 after a 286.5M BB token exploit and will reissue BB as BEP-20 on BNB Chain via automatic airdrop.

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cryptobriefing.com

theblock.co

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cryptobriefing.comStai leggendo10 g fa

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

BounceBit shuts down L1 after 286.5M BB exploit from Evmos module flaw; reissues on BNB Chain. L1 protocol-layer vulnerability signals switch toward established chains; isolated risk exposure (CeDeFi unharmed) validates compartmentalization for production.

originale

theblock.co10 g fa

BounceBit to sunset blockchain, migrate to BNB Chain after $3 million exploit

BounceBit abandons its Layer 1 after a $3M Evmos exploit, migrating to BNB Chain instead of patching. The move signals standalone L1s face disadvantages when protocols operate on mature chains—reshaping DeFi infrastructure and budget priorities.

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Timeline cronologica

venerdì 21 agosto 2026·cryptobriefing.com
BounceBit to shut down its L1 chain and migrate to BNB Chain after 286.5M BB exploit
BounceBit shuts down its Evmos-based L1 after a 286.5M BB token exploit and will reissue BB as BEP-20 on BNB Chain via automatic airdrop.
venerdì 21 agosto 2026·theblock.co
BounceBit to sunset blockchain, migrate to BNB Chain after $3 million exploit
The attacker transferred approximately 286.5 million BB from nine wallets before block production was eventually halted.