The decentralized exchange Bunni has announced that it will cease operations due to a shortage of funds following the recent $8.40 million hack. Bunni posted on the X platform (formerly Twitter) on Wednesday that it did not have enough resources to fund a secure reboot.
"Recent hacks have brought Bunni's development to a standstill, and to achieve a secure reboot, audit and monitoring costs alone would cost between $600,000 and $700,000 - which we simply don't have," the team said. Bunni added that it would take months of business development work to get back up and running, a cost the project could not afford.
"As a result, we decided that it was the best option to shut down Bunni," the team said. The platform suffered a $8.40 million hack last month. Its post-mortem analysis revealed that the attackers exploited a rounding error in the platform's smart contract withdrawal function to carry out the attack.
Decentralized exchange Bunni halts operations after $8.40 million hack
2025-10-23 02:29:05
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