The cryptocurrency financial protocol centered around Bitcoin (BTC), 'BounceBit', announced on the 21st that it will discontinue its L1 chain, 'BounceBit Chain', following the unauthorized outflow of its proprietary tokens.
The incident occurred between August 19th and 20th, when an exploiter took advantage of a flaw in the embedded protocol functions of the BounceBit Chain, resulting in the unauthorized transfer of BB tokens from nine mainnet accounts...
