Binance discontinues mainnet support for BounceBit (BB) following a hacking incident; the project is sunsetting its chain.
Security & Exploits ·
Binance announced it will discontinue mainnet support for BounceBit (BB) following a hacking incident that prompted the project to permanently sunset its chain. In response, Binance will open deposits and withdrawals of BounceBit via the BNB Smart Chain (BEP20) network instead of the original mainnet.
The decision marks a significant disruption for the BounceBit ecosystem. The hacking incident triggered the project's decision to wind down its dedicated blockchain infrastructure, forcing migration of token operations to an alternative network supported by Binance.
Details about the scope, timing, and remediation efforts surrounding the hacking incident remain unclear from available sources. The full technical and operational implications for token holders and other BounceBit ecosystem participants have not been detailed.