BounceBit Chain to Cease Operations and Migrate to BNB Chain Following Exploit

BounceBit reported a protocol-level vulnerability in its Evmos-based architecture, allowing an attacker to bypass authorization checks and transfer 286.5 million BB tokens across 14 transactions. The team confirmed that CeDeFi strategies and RWA products remain unaffected. BounceBit will permanently stop the chain and migrate to the BNB Chain.