Decentralized exchange Bunni announced it is shutting down. This is the second crypto project to fold this week. According to the team, the closure was due to a lack of funds following an $8,4 million hack in September 2025.
The recent hack has halted Bunni’s growth, and to safely relaunch it, we’ll need to invest in auditing and monitoring, which requires capital we simply don’t have, the developers stated.
Bunni was created on the basis of Uniswap v4 to optimize the profitability of liquidity providers using a special mechanism called the «Liquidity Allocation Function».
Before the exploit, the exchange was growing at an exponential rate: its T skyrocketed from $2,23 million on June 10 to $80 million on August 19, according to DefillamaHowever, following a hack that occurred on September 2, all operations on the platform were suspended. The attackers are known to have exploited the protocol’s codebase.
Despite the cessation of operations, the team has changed the Bunni v2 smart contract license from the Business Source License to the MIT open-source software license. This will allow any developer to utilize all the features and innovations created by the platform. Furthermore, users will be able to withdraw their assets through the website until further notice.
The exchange team will also continue to cooperate with law enforcement to recover the stolen funds.
Interestingly, Bunni is the second project to announce its closure this week. Previously, it announced the cessation of all work and operations. Block KadenaIts team cited challenging market conditions as the reason for the closure. Despite this, the network will continue to exist and be managed by the community.