BounceBit Shuts Down Layer 1 Blockchain and Migrates to BNB Chain Following $3M Exploit
23 Aug 2026 2 minute read 0 comments RodrigoCalabar $0.05
In a dramatic turn of events for the CeDeFi space, the BounceBit protocol has officially announced the permanent shutdown of its independent Layer 1 blockchain. The decision follows a severe security breach that led to the unauthorized drain of ap...