Bunni Closes Operations Following $8.4 Million DeFi Exploit

DeFi platform Bunni has ceased operations following a major exploit that resulted in the loss of $8.4 million. The closure comes after a vulnerability allowed attackers to manipulate calculations, leading to significant financial losses and halting growth for the project. While users can still withdraw funds from the platform, Bunni plans to distribute remaining assets to token holders based on a snapshot once legal validation is complete. The team emphasizes that this decision was made due to the high cost of a secure relaunch, which would require substantial financial investment in audits and monitoring.