# Bitbns Exchange Completes BitTorrent (BTT) Token Split

By [okx](https://paragraph.com/@okx-36) · 2025-07-23

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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](https://bit.ly/okx-bonus)

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Industry Updates
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### 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.

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FAQs
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\*\*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](https://bit.ly/okx-bonus)

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### 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.

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*Originally published on [okx](https://paragraph.com/@okx-36/bitbns-exchange-completes-bittorrent-btt-token-split)*