Bunni DEX closes after $8.4 million hack

Bunni’s team says relaunching the platform would cost up to seven figures in audits, something they don’t do.

Bunni, a Uniswap v4-based decentralized exchange (DEX), halted operations after losing $8.4 million in a recent exploit.

The team behind Bunni said they do not have enough money to safely restart the project.

Bunni closes due to lack of funds

bunny announced on September 2, 2025, which had been the victim of a hack that resulted in the loss of approximately $8.4 million. Attackers exploited a vulnerability in DEX smart contracts related to their liquidity distribution function. This allowed them to manipulate internal calculations and drain funds from liquidity pools on Ethereum.

While initial reports indicated that between $2.3 and $2.4 million worth of Ethereum had been stolen, analysis by QuillAudits and Halborn revealed that another $5.9 million was lost on Unichain. The stolen assets included USDC and USDT, which were consolidated into a single wallet.

After the incident, Bunni stopped all smart contract activity and advised users to withdraw their funds. The project later revealed via X that restarting the platform would require six to seven figures in audit and monitoring costs. However, they said they could not afford these expenses, which led them to decide to stop operations. “It is with sadness that we announce the closure of Bunni,” the team wrote.

Users of the platform will still be able to withdraw their assets through the official website until further notice. The project also plans to distribute the remaining treasury funds to BUNNI, LIT, and veBUNNI token holders, according to a snapshot that will exclude team members. Additionally, BUSL’s Bunni v2 smart contracts have been relicensed to MIT, making features like surge fees and autonomous rebalancing freely available to its ecosystem.

Efforts are underway to recover the stolen money in collaboration with authorities. They closed the statement by thanking the community for their continued support throughout their journey.

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Consecutive DeFi Shutdowns

Bunni is the second DeFi initiative to close in less than 48 hours. The Kadena organization also recently announced the cessation of all its commercial and development activities due to unfavorable market conditions. According to the official statement, the Kadena blockchain will continue to operate independently, maintained by decentralized miners and developers. Meanwhile, its native token, KDA, and protocol infrastructure will remain operational without interruption.

Members of the X crypto community were quick to respond to the latest developments. a user disputed what was happening with the industry, observing how projects were closing one after another. Following the announcement, KDA’s price fell more than 99% from its 2021 high of $27.64, with analysts claiming its chart was showing signs of dumping days before the team informed the public about the shutdown.