The post Decentralized Exchange Bunni Pulls the Plug Following $8.4M Flash Loan Exploit appeared on BitcoinEthereumNews.com.

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. Hello everyone, it is with saddened hearts that we announce the shutdown of Bunni. The recent exploit has forced Bunni’s growth to a halt, and in order to securely relaunch we’d need to pay 6-7 figures in audit & monitoring expenses alone – requiring capital that we simply don’t… — Bunni (@bunni_xyz) October 23, 2025 The attack drained approximately $8.4 million in total from the two pools, according to Bunni’s post-mortem report. The stolen funds were bridged to Ethereum following the exploit. “It’d also take months of development & BD effort just to get Bunni back to where it was before the exploit, which we cannot afford,” the DEX tweeted. “Thus, we have decided it’s best to shut down Bunni.” Users can continue withdrawing funds through the website while the team finalizes the legal process for treasury distribution, excluding its own members from the payout, the statement said. “This hack shows the…

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Filed under: News - @ October 23, 2025 5:30 pm