Bouncebit will permanently close its Layer 1 block chain and move to the BNB chain

Bouncebit announced that it would permanently close its Layer 1 block chain and move to the BNB chain after an attack of $3 million. The attackers used the authorization loophole to transfer 286.5 million BB coins from nine accounts without disclosing any private key or wallet. Bouncebit will be decommissioned from the chain, unauthorised transfers will be cancelled using pre-attack snapshots and BB tokens will be reissued as BeP-20 on the BNB chain, and the holder is expected to receive the new token automatically。