Bunni DEX Announces Shutdown Following $8.4M Exploit, Cites Unsustainable Recovery Costs

Decentralized exchange Bunni DEX has officially announced its permanent shutdown in the aftermath of a devastating $8.4 million exploit. The platform's team stated that the financial burden and operational costs associated with recovering from the security breach are unsustainable, leading to the difficult decision to cease all operations. This incident highlights the persistent security vulnerabilities within the DeFi ecosystem and raises concerns about user fund protection and protocol sustainability following major hacks.