BounceBit Launches Mainnet And Airdrop Amid Phishing Scam Alert

BounceBit Launches Mainnet And Airdrop Amid Phishing Scam Alert

  • BounceBit advances with mainnet launch and BB token airdrop, bolstered by successful funding and exchange listings.
  • A phishing scam targeting BounceBit users underscores the need for vigilance, with official links provided to avoid potential fraud.
  • BounceBit’s unique Shared-Security Clients infrastructure introduces a dual-token system.

BounceBit, a Bitcoin restaking protocol, is set to launch its mainnet today, accompanied by the issuance of BB token airdrops. 

However, the excitement surrounding this milestone is dampened by a cybersecurity alert raised by 23pds, the Chief of Information and Security Officer at SlowMist.

According to 23pds, the first search result for “BounceBit” on Google leads to a phishing website, bouncbit[.]io, posing a serious threat to users. Hence, caution is advised to avoid falling victim to potential scams.

BounceBit, officially launches its mainnet at 02:30 UTC today, followed by a BB token airdrop from 08:30 to 10:00 UTC. 

Moreover, the protocol is poised for further expansion with the listing of BB tokens on cryptocurrency exchanges KuCoin and, commencing trading operations at 10:00 UTC.

See Also: Two Dormant Bitcoin (BTC) Wallets Emerge With Massive Profits

Despite the promising developments, the cybersecurity alert underscores the importance of vigilance within the crypto space. 

In response to the phishing threat, BounceBit has proactively shared official airdrop and customer support links via its X account to guide users safely.

The mainnet launch and BB token airdrop mark significant milestones for BounceBit, following its successful $6 million seed funding round earlier this year. 

Co-led by Blockchain Capital and Breyer Capital, with participation from other venture capital entities and angel investors, this funding solidified BounceBit’s position in the market.

Moreover, BounceBit introduces a novel BTC restaking mechanism through its Shared-Security Clients (SSC) infrastructure, initially focusing on the BTC Restaking Chain. 

This innovative approach involves a dual-token system where validators stake both BTC and BB, enhancing the platform’s security and stability.

As of May 13, DeFiLlama reports a total value locked (TVL) of $448.65 million in BounceBit. With such substantial backing and innovative features, BounceBit’s mainnet launch and BB token airdrop are expected to garner significant attention within the crypto community, attracting both genuine interest and potentially fraudulent activities.

Disclaimer: The information provided is not trading advice. holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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