The decentralized crypto exchange Bunni has announced a complete cessation of its operations due to a serious hacker attack that paralyzed the platform.
This is reported by Business • Media
Reasons for Closure and Exchange Losses
The Bunni team explained that after a recent exploit, further development of the service became impossible. To safely restore the functionality of the exchange, it would have required over one million US dollars for auditing and monitoring, which turned out to be too great a financial burden for the project. The development itself and returning to the level that existed before the attack would have taken several months of active work.
“The cause was a massive hacker attack that halted further development of the service. According to team representatives, safely restarting the platform would have required spending over a million dollars on auditing and monitoring, which proved to be unmanageable for the budget.”
Withdrawal of Funds and Treasury Distribution
Despite the cessation of operations, the Bunni exchange website remains accessible: users have the ability to withdraw their assets. Additionally, the team plans to distribute the remaining treasury among holders of BUNNI, LIT, and veBUNNI tokens. The distribution will be based on a snapshot. Team members will not participate in the distribution, and legal procedures are still ongoing, so exact information regarding the details will be released later.
Furthermore, Bunni has transitioned its smart contracts from version v2 under the Business Source License (BUSL) to the open MIT license, allowing anyone to utilize the key developments of the project.
The team also expressed its readiness to cooperate with law enforcement agencies to recover the stolen funds.
Recall that in September 2025, the Bunni exchange suffered a hacker attack that resulted in a loss of $8.4 million.