🚨 Bunni DEX Bites the Dust After $8.4M Oopsie! 🚨

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Well, butter my biscuit and call me disappointed! 🥴 Bunni DEX has officially thrown in the towel after an $8.4 million exploit, joining Kadena in the “Crypto Fail Hall of Fame” this week. 🎉✨

The team basically said, “We’re broke, y’all. Audits? More like au-don’t-have-the-money-for-that.” 💸💔

Bunni DEX: From Hopping to Stopping 🛑

In a plot twist no one saw coming (except maybe the hackers), decentralized exchange Bunni has called it quits. Following Kadena’s bankruptcy declaration, Bunni’s team posted a sad tweet (or should we say, an X? 🤔) confirming they’re out of funds and out of luck. Apparently, restarting after losing millions is chef’s kiss expensive and time-consuming. Who knew? 🤷‍♀️

“To securely relaunch, we’d need to pay six to seven figures in audit and monitoring expenses alone, capital that we simply don’t have. It’d also take months of development and business development effort just to get Bunni back to where it was before the exploit, which we cannot afford. Thus, we have decided it’s best to shut down Bunni.” 😢💸

The September Oopsie 🎃💥

Back in September, Bunni’s Ethereum-based platform got hacked harder than a piñata at a five-year-old’s birthday party. The attackers went straight for the stablecoin vaults, making off with $2.3 million in crypto. Then, like a bad ex, they ghosted-converting everything into ETH and other stablecoins. 🚀🤑

The team tried to stop the bleeding by deactivating smart contracts, but the hackers were already DeFi-hopping like it was a crypto rave. Users can still withdraw their assets, though, so there’s that. Silver linings! 🌤️

“The validation of the legal process is ongoing, and the exact details of the distribution will be shared at a later date once the legal process is finalized. Team members will be excluded from the snapshot.” 📜⚖️

Bunni v2: Now with 100% More Open-Source Goodness! 🌈

In a last-ditch effort to leave a legacy, the team relicensed Bunni v2’s smart contracts from BUSL to MIT. Now, the DeFi community can use their fancy tech like LDFs and surge fees. Because, you know, why let all that innovation go to waste? 🛠️✨

“We have pushed the AMM space forward by a generation, and it would be a shame if our efforts went to waste.” 🦸‍♀️🚀

They also thanked their community and promised to work with the cops to get their money back. Because nothing says “we care” like a good old-fashioned police report. 👮‍♂️💼

“Thank you to everyone who has supported us throughout our journey to push DeFi forward.” 🙏❤️

FailSafe even offered to help Bunni stay afloat, but let’s be real-this ship has sailed. Or sunk. Whatever. 🚢💨

Kadena: The Other Crypto Casualty of the Week 💀

Just when you thought it couldn’t get worse, Kadena announced it’s shutting down due to bankruptcy. Market conditions? More like market condishuns that turned their blockchain into a ghost town. 👻🏙️

“The Kadena blockchain is not owned or operated by the company. As a thoroughly decentralized proof-of-work smart-contract blockchain, the network is operated by independent miners, while on-chain smart contracts and protocols are governed independently by their maintainers. We will be encouraging all node operators to upgrade as soon as possible.” 🛠️🔗

So, there you have it, folks. Another week in crypto, another round of “What were they thinking?” 🍿🤡

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2025-10-24 23:33