A Major Shock for an Altcoin as the Bull’s Hooves Are Heard: Millions of Dollars Stolen, But the Price Is RisingAugust 21, 2026 YZi Labs-backed BounceBit has decided to permanently cease operations on its first-layer blockchain network, BounceBit Chain, after a protocol-level authorization vulnerability led to the unauthorized transfer of 286.5 million BB tokens.
