Decentralized exchange Bunni loses $2.3 million in smart contract exploit

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The Block2025/09/01 16:00

By:By Danny Park

Quick Take Decentralized trading platform Bunni suffered a $2.3 million exploit earlier today, according to multiple onchain analysts. The exact nature of the exploit is yet to be disclosed.

Decentralized exchange Bunni loses $2.3 million in smart contract exploit image 0

Decentralized trading platform Bunni lost about $2.3 million worth of funds due to an exploit, on-chain analysts at Blocksec reported on Tuesday.

The exploit targeted vulnerabilities in Bunni’s Ethereum-based smart contracts, although the specific techniques used by the attackers have not been fully reported.

T he attacker drained funds from the protocol to the address "0xe04…64f2b" and held $1.33 million in USDC and $1.04 million in USDT stablecoins.

"If you have money on [Bunni] remove it ASAP," wrote X user @Psaul26ix, who is a core contributor at Bunni.

Bunni is a DEX built on Uniswap V4 that optimizes liquidity provider returns through the use of adaptive pools and incentive tokens.

Following reports of the exploit, the platform acknowledged the incident at 3:04 a.m. in a post on social media platform X.

"The Bunni app has been affected by a security exploit," the platform said . "As a precaution, we have paused all smart contract functions on all networks. Our team is actively investigating and will provide updates soon."

This is a developing story.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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