The decentralized exchange Bunni has officially announced its closure following a serious hacker attack that paralyzed its operations. Users have been given the opportunity to withdraw their assets through the website, and the project team has communicated plans to distribute the remaining treasury among holders of BUNNI, LIT, and veBUNNI tokens.
This is reported by Finway
Reasons for Project Closure
According to representatives of Bunni, the attack by malicious actors led to a halt in the platform’s development. To securely restore the project’s operations, a large-scale audit and ongoing monitoring would be necessary, which would require expenses ranging from one to several million dollars. This financial requirement proved to be too great for the team, leading to the decision to permanently cease operations.
“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…”
Additionally, returning to the level of functionality that existed prior to the attack would require several months of intensive work. The team emphasized that they would not participate in the distribution of the remaining treasury. Distribution procedures will be conducted based on a snapshot, and details will be made known after the completion of legal formalities.
Next Steps and Code Openness
Despite the cessation of operations, the exchange’s website remains accessible for users to withdraw funds. The Bunni team has also transitioned the smart contracts of version v2 from the Business Source License (BUSL) to an open MIT license, allowing anyone to use the platform’s developments for their own projects.
At the same time, the Bunni team has expressed readiness to cooperate with law enforcement agencies to recover the stolen funds. It is worth noting that in September 2025, the service had already suffered a hacker attack, resulting in the theft of $8.4 million.