Bunni DEX shuts down after $8.4 million exploit, citing lack of funds

Decentralized exchange Bunni has announced it is ceasing operations because it lacks the necessary capital to fund a secure relaunch following a recent $8.4 million exploit. The team stated that relaunching would require 6-7 figures in audit and monitoring expenses, which they cannot afford, and restoring operations would take months of business development they cannot sustain. The exploit, which occurred last month, was due to a rounding error in the smart contract withdrawal function. Users can still withdraw assets for now, and the team plans to distribute remaining treasury assets to BUNNI, LIT, and veBUNNI holders based on a snapshot, excluding team members. Bunni has relicensed its V2 smart contracts to the MIT license for public use and is cooperating with law enforcement, noting the stolen funds were laundered through Tornado Cash, while offering the attacker a 10% bounty to return remaining assets.

(Source：The Block)