Bunni DEX has shut down after an $8.4 million exploit, becoming the second major project after Kadena earlier this week.
The project’s team cited a lack of funds, adding that they could not afford the costly audits required to relaunch the project.
Bunni DEX Shuts Down After Exploit
Decentralized exchange Bunni has announced it is shutting down operations after a major exploit. The platform is the second crypto project to shutter operations this week after Kadena declared bankruptcy. The Bunni team released a brief statement on X, confirming its closure due to a lack of funds. It added that it is struggling with the extensive financial and technical burden required to restart the project after losing its funds during the exploit.
“To securely relaunch, we’d need to pay six to seven figures in audit and monitoring expenses alone, capital that we simply don’t have. It’d also take months of development and business development effort just to get Bunni back
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