A security breach on the Bunni decentralized trading platform has led to losses estimated at $2.3 million. X posts from BlockSec and Bunni official accounts revealed the exploit, which resulted in the suspension of smart contract functions across various networks. 🚨 The Bunni app is currently under investigation, with its team pausing all smart contract operations as a precaution. While their investigation continues, they assure users that updates will be provided soon. Bunni’s liquidity hook relies on a unique Liquidity Distribution Function (LDF) for trades. A security expert analyzing the breach, reminiscent of PancakeBunny hack, suggests an exploitation within the Bunni hook enabled hackers to withdraw massive amounts. ❌ The details about this exploit are limited, but the team remains dedicated to uncovering the cause and delivering information to users. Further information is provided below regarding Bunni’s token and its associated DeFi ecosystem. A closer look at Bunni reveals a maximum total supply of 987,674,417.00701069 BUNNI tokens with a circulating supply of 718,532,908. The token has seen a decline in value over the past week and 24 hours, currently trading at $0.01122. Despite this dip, Bunni continues to perform well in some DeFi protocols, such as the USD0-USD0++ pair on its mainnet explorer, with a TVL of $7.85 million. The team remains committed to addressing this issue and will provide updates as they become available.