Bunni DEX Halts Operations After $2.4 Million Liquidity Exploit
Bunni DEX, built on Uniswap v4, has paused all smart contract functions following a sophisticated exploit that drained approximately $2.4 million in stablecoins.
Investigations reveal the attack exploited a flaw in Bunni's custom Liquidity Distribution Function (LDF), allowing an attacker to manipulate liquidity calculations and drain funds through precisely sized trades. This incident highlights the ongoing security challenges in DeFi, with August alone seeing over $163 million stolen in crypto exploits. Users are advised to withdraw remaining funds and practice heightened security measures.