Bunni DEX becomes second crypto project to shut this week

Bunni has decided to re-license its v2 smart contracts from Business Source License to MIT license, allowing developers to use all the features developed by Bunni, garnering praise.

Decentralized exchange Bunni has announced it is shutting down following an $8.4 million exploit in September, and is now the second crypto project team to throw in the towel this week. 

In a Thursday X post, the team stated that it will be winding down operations due to a lack of funds.

“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,” they said.

Read more