In brief
- Decentralized exchange BunniXYZ has reportedly lost $8.4 million to a liquidity-based security exploit.
- The DEX has paused all smart contract activity on its network and is “actively investigating” the attack.
- Hackers reportedly manipulated Bunni’s “liquidity curve,” also known as its LDF, to carry out the exploit.
Decentralized exchange (DEX) BunniXYZ has reportedly lost $8.4 million to a liquidity-based security exploit.
According to on-chain security firm Hacken, $6 million of the DEX’s funds was stolen via the Unichain blockchain and $2.4 million via Ethereum. All Unichain funds were then bridged to Ethereum using the Across Protocol.
Confirming the attack in a tweet, BunniXYZ said that it had paused all smart contract activity on its network and was “acti
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Author: Will McCurdy
