- Closure after $8.4M exploit, citing high costs
- Remaining treasury assets redistributed
- Significant impact on related cryptocurrencies
Bunni DEX announced its shutdown after an $8.4 million exploit in September 2025, revealing insurmountable costs for secure relaunch on its official Twitter account.
The closure highlights financial vulnerabilities in DeFi, sparking concerns about security and sustainability, further exacerbated by Kadena’s concurrent market-driven shutdown.
Bunni DEX announced closure after an $8.4 million exploit that targeted stablecoin vaults. The team cited the overwhelming costs involved in securely relaunching the platform as the primary reason for the shutdown. According to a Twitter post by Bunni, the impact was substantial, affecting stablecoins such as USDT and USDC.
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The team, identified through its Twitter account, emphasized significant capital requirements for relaunching securely. The attack saw assets such as USDT and USDC swapped for Ethereum, leading to a substantial financial shortfall.
“Hello everyone, it is with saddened hearts that we announce the shutdown of Bunni. The recent exploit has forced Bunni’s growth to a halt, and in order to securely relaunch we’d need to pay 6-7 figures in audit & monitoring expenses alone – requiring capital that we simply don’t have.” — Bunni Team, Bunni DEX
The shutdown impacted liquidity providers and token holders, causing concerns within the community. Bunni DEX’s closure, alongside Kadena’s, highlights potential DeFi market stress and questions the sustainability of protocols.
Bunni’s treasury assets will be distributed to holders of BUNNI, LIT, and veBUNNI tokens. Market contagion effects were noted, contributing to a significant decline in Kadena’s KDA token price.
Kadena shut down due to adverse market conditions, further amplifying industry concerns. The broader impact underlines vulnerabilities in DeFi projects lacking robust financial or technological safety nets. Financial and technological outcomes may include increased regulatory scrutiny and audits. Past events indicate potential long-term implications for investor confidence and the necessity for enhanced security protocols.
