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

BitStable posted on X platform that an unforeseen security issue occurred during the BSSB token public sale on Bounce Finance, which resulted in an unauthorized party obtaining the majority of the available supply. This event was caused by DDoS attacks and multiple wallets interacting directly with the contract, causing uneven distribution.

To reallocate BSSB and adhere to DAII's strategic roadmap, the team has decided to:

- Destroy 75% of BSSB tokens involved in fixed swap auctions;

- The remaining 25% can still be claimed. However, considering the high gas fees and additional costs incurred, this effectively increases the participation cost for relevant parties by six times.

In response, Bounce Finance also stated that its platform experienced coordinated attacks by miners and high-tech developers during the BSSB token public sale, as well as DDoS attacks, which interrupted user access and affected the integrity of the auction. Their team is actively exploring better solutions to ensure the fairness and transparency of the auction, and has been making additional improvements to the auction tools and system. These measures aim to strengthen the platform and prevent similar events from happening in the future.