BitcoinWorld
BounceBit Shuts Down Chain After $286.5M BB Hack, Reissues Tokens on BNB Chain
BounceBit, a Bitcoin restaking protocol, has announced it will permanently shut down its existing blockchain following a security breach that resulted in...
Attackers earlier this week exploited a re-entrancy flaw in the OrderBook contract, allowing the attacker to manipulate short positions on BTC, inflate GLP’s valuation, and redeem it for outsized profits.
