🚨 Bunni DEX Halts Smart Contracts After $8.4M Exploit
🔗 What’s Happening: Bunni DEX paused its smart contracts after an exploit drained $8.4M from BunniHub, the protocol’s main contract system. The stolen funds have been traced to two Ethereum wallets.
📊 Analysis:
The exploit underscores the persistent security risks in cross-chain $DEFI protocols.
Immediate halts to smart contracts show the team is prioritizing damage control and user fund protection.
Tracing funds on $ETH Ethereum may aid in partial recovery, though liquidity and trust in Bunni could take a significant hit short-term.
💬 Expert Take: Analysts caution that while DeFi offers innovation, protocol audits and multi-layered security remain critical as exploits grow more sophisticated.
