BounceBit Chain Shut Down: Token Reissue on BNB Chain
The BounceBit chain has been shut down since August 20, 2026, and its operators have decided not to restart it. The token will be reissued on the BNB Chain as a BEP-20 token.
When a blockchain is shut down, also known as a sunset, the decision by operators and validators to stop producing new blocks and halt the network for good takes effect. In this case, no user keys or individual wallets were compromised, but an authorization flaw in the underlying Evmos stack allowed an attacker to steal around 286.5 million BB.
The snapshot is a crucial concept in this process. It's an image of every account balance on a blockchain at one precisely named block. The operators have chosen block 20,697,260 as the cut-off date, which means that any transactions or movements after this point will not be reissued.
It's essential to note that confirmed transactions may no longer be final in a chain shutdown. If you bought, sold, transferred, or deposited BB between August 19 at 21:02 UTC and August 20 at 02:36 UTC, your balance from before the cut-off date will be reissued.
Staked holdings and those in the unbonding period are also expected to flow into the reissue. However, open trades on an exchange may not fare as well since they sit in the provider's books rather than at your address.