In brief
- Decentralized exchange Bunni announced its permanent shutdown Wednesday, saying it lacks the capital for a secure relaunch requiring six to seven figures in audit expenses alone.
- The September 2 hack drained $8.4 million through flash loan manipulation and rounding errors, with stolen funds remaining unmoved in Tornado Cash-funded wallets.
- Users can still withdraw assets, and Bunni pledged to distribute remaining treasury to token holders while relicensing its v2 contracts from BUSL to MIT.
Decentralized exchange Bunni has announced it is permanently shutting down following an $8.4 million hack last month, with founders saying they lack the capital needed for a secure relaunch that would cost six to seven figures in audit and monitoring expenses alone.
Bunni announced the permanent shutdown on Wednesday, citing insurmountable recovery costs following the attack that exploited the platform’s Liquidity Density Function across two pools, weETH/ETH on Unichain and USDC/USDT on Ethereum.
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Author: Vismaya V
