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The decentralized exchange protocol Bunni has announced its official shutdown due to a security vulnerability and insufficient funds.
BlockBeats News, October 23rd, the decentralized exchange protocol Bunni announced that it encountered a recent vulnerability, causing growth to stagnate. Restarting would require payment of approximately six to seven figures for audit and monitoring fees, and the development and business cycle would be too long. As a result, the team has decided to shut down. Users can still withdraw their assets through the official website. Subsequently, the team plans to distribute the remaining treasury assets to holders (BUNNI, LIT, veBUNNI) based on a snapshot, with team members not participating. Specific details will be announced after the legal process is completed. The Bunni v2 contract has transitioned from the BUSL to the MIT open-source license, and the team will continue to assist law enforcement in recovering the stolen funds.
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