Attacker Moves 286.5M BB as BounceBit Prepares BNB Chain…

How Did The BounceBit Exploit Work? BounceBit will permanently shut down its standalone Layer 1 blockchain and migrate its native BB token to BNB Chain after an attacker exploited an authorization flaw to move roughly $3 million worth of tokens without compromising private keys or wallets. The incident took place between Wednesday and Thursday. The attacker transferred approximately 286.5 million…