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- 💥 Gate Square Event: #PostToWinPIGGY 💥
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Launchpool 👉 https://www.gate.com/announcements/article/47886
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The DEX project Bunni, which was attacked by hackers in early September, announced its shutdown.
According to Deep Tide TechFlow news, on October 23, Bunni officially announced the closure of the platform today (October 23). According to the official statement, this decision stems from recent security vulnerability attacks that have caused the platform's rise to stagnate. Restarting the platform requires six to seven figures in audit and monitoring costs, and the team stated that they are unable to bear this.
Users can still withdraw assets through the Bunni website. The team plans to allocate the remaining funds to BUNNI, LIT, and veBUNNI holders, with the specific allocation plan to be announced after the legal proceedings are completed. Meanwhile, the Bunni v2 smart contract has been changed from BUSL license to MIT license, allowing the community to use its innovative technology.
The team stated that they will continue to cooperate with law enforcement to recover the stolen funds.
According to previous reports, BlockSec Phalcon: monitored suspicious transactions targeting the Bunni contract on the Ethereum chain, resulting in a loss of approximately 2.3 million dollars.