DeFi Platform Bunni Suffers $2.3 Million Exploit, Smart Contracts Halted

A security firm revealed suspicious outflows from Bunni’s Ethereum contracts, leading to a breach that saw over $2.3 million vanish into a single wallet. The incident triggered panic within the community as a core contributor urged users to withdraw funds from the protocol before potential losses increased. Shortly after the discovery, Bunni officially confirmed the exploit and paused all smart contract activity on both networks. The decentralized exchange (DEX), designed on the Uniswap V4 architecture, had emphasized its ability to generate higher yields through adaptive incentives. Now, however, the platform’s future remains uncertain as the exact cause of the exploit is still unclear. Whether Bunni can regain trust and restore confidence after this incident or if it marks a long-term crisis for the project remains to be seen.