Bunni DEX Shuts Down Following $8.4M Hack

Bunni, a decentralized alternate (DEX) constructed on Uniswap v4, has stopped operations after dropping $8.4 million in a current exploit.

The crew behind Bunni stated they don’t have sufficient cash to soundly restart the undertaking.

Bunni Closes Over Lack of Funds

Bunni announced on September 2, 2025, that it had fallen sufferer to a hack that resulted within the lack of roughly $8.4 million. The attackers exploited a vulnerability within the DEX’s good contracts associated to its Liquidity Distribution Function. This allowed them to govern inner calculations and drain funds from liquidity swimming pools on Ethereum.

While preliminary studies indicated that between $2.3 million and $2.4 million had been stolen on Ethereum, evaluation by QuillAudits and Halborn revealed an extra $5.9 million was misplaced on Unichain. The stolen property included USDC and USDT, which have been consolidated right into a single pockets.

After the incident, Bunni paused all good contract exercise and suggested customers to withdraw their funds. The undertaking later revealed through X that restarting the platform would require between six and 7 figures in audit and monitoring prices. However, they stated they may not afford these bills, which led them to determine to cease operations. “It is with saddened hearts that we announce the shutdown of Bunni,” wrote the crew.

The platform’s customers will nonetheless be capable to withdraw their property via the official web site till additional discover. The undertaking additionally plans to distribute the remaining treasury funds to holders of BUNNI, LIT, and veBUNNI tokens, based mostly on a snapshot that can exclude crew members. Additionally, the Bunni v2 good contracts have been relicensed from BUSL to MIT, making options like surge charges and autonomous rebalancing freely out there to its ecosystem.

Efforts to recuperate the stolen cash are ongoing in collaboration with legislation enforcement. They closed the assertion by thanking the neighborhood for its continued assist all through their journey.

Back-to-Back DeFi Shutdowns

Bunni is the second DeFi initiative to shut in lower than 48 hours. The Kadena group additionally just lately announced the cessation of all its enterprise and growth actions on account of unfavorable market situations. According to the official assertion, the Kadena blockchain will proceed to run independently, maintained by decentralized miners and builders. Meanwhile, its native token, KDA, and protocol infrastructure will stay operational with out disruption.

Members of the X crypto neighborhood have been fast to answer the newest developments. One consumer questioned what was occurring to the trade, noting how initiatives have been quitting one after the opposite. In the aftermath of the announcement, KDA’s value dropped by greater than 99% from its 2021 peak of $27.64, with analysts claiming its chart confirmed indicators of dumping days earlier than the crew knowledgeable the general public of the closure.

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