Bitbns Exchange Completes BitTorrent (BTT) Token Split

Bitbns, a leading cryptocurrency exchange, has officially completed the 1:1000 token split and migration of BitTorrent (BTT). The new BTT token contract address is TAFjULxiVgT4qWk6UZwjqwZXTSaGaqnVp4. Post-migration, the legacy tokens will be renamed BTTOLD, and users holding BTT on the platform do not need to take any action—the conversion is automatic.

Key Details of the BTT Token Split

  • Ratio: 1 old BTT = 1,000 new BTT.

  • New Contract: Transactions now use the updated smart contract.

  • Legacy Tokens: Deposits of old tokens will be labeled BTTOLD.

  • User Action: No manual steps required for existing holders.

👉 Learn how token splits impact your crypto portfolio

Industry Updates

1. Huatie Emergency & Ant Chain Partner for Blockchain Innovation

Chinese firm Huatie Emergency partnered with Ant Group’s Ant Chain to integrate blockchain, IoT, and AI into construction equipment tracking. The collaboration aims to create a trusted device-tracing system, accelerating industry-wide digital transformation.

2. Lympo NFT Platform Loses $18.7M in Hot Wallet Hack

Sports NFT platform Lympo suffered a security breach, losing 165.2M LMT tokens ($18.7M). Hackers drained 10 wallets, swapped tokens for ETH via Uniswap/SushiSwap, and crashed LMT’s value by 92% (to $0.0093).

3. Iran Approves Crypto for International Trade Settlements

Iran’s Central Bank (CBI) and Trade Ministry will link crypto platforms to its trade system, enabling businesses to pay foreign partners in cryptocurrencies. Implementation mechanisms are under finalization.

FAQs

**Q: What happens if I hold BTT on Bitbns after the split?**A: Your tokens are automatically converted to the new BTT (1:1000 ratio). Old tokens become BTTOLD.

**Q: Is the Lympo hack related to smart contract flaws?**A: No—the breach targeted hot wallets, not the LMT contract. Always use cold storage for large holdings.

**Q: How does Iran’s crypto trade system work?**A: Details are scarce, but it allows licensed firms to bypass sanctions via crypto settlements.

👉 Explore secure crypto trading strategies

Final Notes

  • Bitbns’ seamless BTT split underscores its user-centric approach.

  • Hot wallet risks (like Lympo’s hack) highlight the need for multi-signature security.

  • Iran’s move reflects growing crypto adoption in regulated commerce.