BounceBit Retires Its Chain After Attacker Moves 286.5 Million Tokens

BounceBit will permanently shut down its Layer 1 blockchain after an attacker moved 286.5 million BB out of nine mainnet accounts. The project will reissue the token as a BEP-20 asset on BNB Chain. The team said the attacker compromised no private keys, wallets, or hardware devices. The unauthorized transfers came from a protocol-level authorization