Chain shutdown strips BounceBit token utility after authorization flaw exposes 286M tokens
BounceBit will retire its standalone Layer 1 and reissue BB on BNB Chain after the corporate mentioned an authorization flaw moved about 286.5 million BB from 9 accounts. For holders, the fast treatment is a 1:1 reconstruction of balances. The bigger consequence is unresolved BounceBit token utility: its earlier gasoline, staking, rewards and governance roles…
