Bunni to Shut Down After $8.4M Exploit 💔

Decentralized exchange Bunni has announced it will cease operations following last month’s $8.4 million exploit that exploited a rounding error in its smart contract withdrawal function.

“The recent exploit has halted Bunni’s growth. To relaunch securely would require 6–7 figures in audits and monitoring — capital we simply don’t have,” the team shared.

The remaining treasury will be distributed to BUNNI, LIT, and veBUNNI holders based on a snapshot.

Despite cooperation with law enforcement, the stolen assets were laundered through Tornado Cash. Bunni has also offered the attacker a 10% bounty for returning the remaining funds.

This marks the end of a promising DeFi project — another reminder of how crucial rigorous audits and smart contract security are in today’s on-chain landscape. 🛡️