BitStable: Encountered security issues during the public sale and will destroy 75% of BSSB tokens in the fixed swap auction

29/11/2023 14:51

BitStable issued a document on the This incident was caused by a DDoS attack and the use of multiple wallets that directly interacted with the contract causing uneven distribution. In order to realign BSSB's allocation and adhere to DAII's strategic roadmap, the team decided to: - 75% of the BSSB tokens involved in the fixed swap auction will be destroyed; - The remaining 25% can still be claimed. However, taking into account the high gas fees and additional costs incurred, this effectively increases the cost of participation by a factor of six. In this regard, Bounce Finance also stated that its platform encountered coordinated attacks and DDOS attacks orchestrated by miners and high-tech developers during the BSSB token public sale, which interrupted user access and affected the integrity of the auction. Its team is actively exploring better solutions to ensure fair and transparent auctions and is already working on additional auction tool and system improvements. These measures are intended to strengthen the platform and prevent similar incidents from occurring in the future.

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BitStable: Encountered security issues during the public sale and will destroy 75% of BSSB tokens in the fixed swap auction

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