The team behind Bunni, a decentralized cryptocurrency exchange, has announced the complete shutdown of the project following a severe hacking incident. Users can still access the platform to withdraw their assets, but all other operations are suspended.
According to Bunni representatives, the breach halted platform development entirely. Restoring operations safely would have required over $1 million in audits and monitoring—a cost the team deemed unsustainable for their budget.
Additionally, returning the platform to its pre-exploit functionality would have demanded several months of development work and active business operations, which were no longer feasible.
Despite the closure, the Bunni website remains live for withdrawals. The team also plans to distribute remaining treasury funds to holders of BUNNI, LIT, and veBUNNI tokens based on a snapshot. Legal procedures are ongoing, so further details on the distribution will be disclosed later. The core team will not participate in this treasury allocation.
In a notable move, Bunni has transitioned Bunni v2 smart contracts from a Business Source License (BUSL) to an MIT license, allowing anyone to leverage the team’s key developments.
The Bunni team has also expressed readiness to cooperate with authorities to recover the stolen funds.
For context, in September 2025, Bunni suffered a hacking incident that resulted in $8.4 million stolen from the platform, marking one of the most significant breaches in the decentralized exchange sector this year.
