DEX Bunni Shuts Down Following $8.4 Million Hack

DEX Bunni closes after $8.4M hack, lacking funds for relaunch.

The team behind the decentralized exchange Bunni has announced its closure. The decision follows a $8.4 million hack, leaving the project without the funds necessary for a secure relaunch.

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 attacker exploited a rounding error in the withdrawal function of a smart contract. The stolen assets were laundered through the mixer Tornado Cash.

The team is cooperating with law enforcement and has offered the hacker 10% as a reward for returning the remaining funds.

Bunni explained that resuming operations would require six- or seven-figure sums solely for audits and monitoring. The project lacks such resources. Recovery would also take months, which is unacceptable for the team.

Representatives assured that users will still be able to withdraw assets from the site until further notice. Remaining treasury funds will be distributed among holders of BUNNI, LIT, and veBUNNI tokens based on a snapshot after legal review. The project team will not participate in the distribution.

Despite the closure, developers have changed the license of V2 smart contracts from Business Source License to MIT. This will allow others to use the project’s developments, such as liquidity distribution functions, dynamic fees, and autonomous rebalancing mechanisms.

Back in May, the DeFi platform Alpaca Finance, once a leader in the BNB Chain ecosystem, announced a complete shutdown by December 2025.

In June, the team of the L2 protocol zkLend on Starknet announced its closure. The reasons included a hack and the delisting of the LEND token from major exchanges.