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Bunni DEX Shuts Down After $8.4 Million Hack
DeFi • DEX • Security

Bunni DEX Shuts Down After $8.4 Million Hack

Published · ~3 min read
Bunni DEX shutdown after exploit
A flash-loan style exploit drained ~$8.4M, prompting a permanent shutdown.

Bunni DEX has announced a permanent shutdown after an exploit siphoned roughly $8.4 million from liquidity pools. The team says it lacks the capital and time needed to relaunch the protocol safely and urges users to withdraw remaining assets.

What Happened

Investigators say the attacker leveraged complex interactions against Bunni’s liquidity logic, enabling rapid drains across affected pools. The breach unfolded in minutes, impacting multiple stablecoin and token pairs before safeguards could halt activity.

Why It Matters

  • Security gap: Custom AMM features increased attack surface beyond battle-tested designs.
  • Cost to recover: Audits, monitoring, and rebuild time would require seven-figure resources.
  • Market signal: Smaller DeFi teams face existential risk when exploits strike treasury and TVL.

Guidance for Users

The team has left withdrawal paths open for a limited period. Users should revoke token approvals, migrate funds to secure wallets, and beware of phishing sites claiming to offer “recovery” or “airdrop” assistance.

What’s Next

The remaining treasury is expected to be distributed per community and legal guidance. Industry observers anticipate continued consolidation toward protocols with layered security, continuous monitoring, and conservative upgrade paths.

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