Bunni DEX Hack Results in $2.3 Million Loss

A recent security breach on the decentralized exchange platform Bunni has resulted in a significant financial loss of approximately $2.3 million. BlockSec, a cybersecurity firm, detected suspicious activities targeting Bunni’s smart contracts on September 2nd and revealed vulnerabilities that led to the exploit. This incident raises concerns about the ongoing challenges within the DeFi sector related to smart contract security, impacting both Ethereum’s market value and liquidity.