Decentralized exchange Bunni halts operations after suffering an $8.4 million hack

Jinse Finance reported that the decentralized exchange Bunni has announced it will cease operations due to a recent $8.4 million hack, which has left the platform facing a shortage of funds. Bunni posted on X (formerly Twitter) on Wednesday, stating that it does not have sufficient resources to fund a secure relaunch. The team said: "The recent hack has stalled Bunni's development, and to achieve a secure restart, just the audit and monitoring costs alone would require an investment of $600,000 to $700,000—we simply do not have these funds." Bunni also added that resuming operations would require several months of business development work, a cost the project cannot bear. The team stated: "Therefore, we believe shutting down Bunni is the best option." The platform suffered a hack last month, resulting in a loss of $8.4 million. A subsequent analysis report showed that the attacker exploited a rounding error in the platform's smart contract withdrawal function to carry out the attack.