Bunni DEX Pauses Contracts After $8.4M Cross-Chain Exploit

Published: 2025-09-02 09:25:19 |

Bunni DEX has paused all smart contracts after a Sept. 2 cross-chain exploit drained $8.4 million in ETH, USDC and USDT. The attack targeted BunniHub core contracts, losing $2.3 million on Ethereum and about $6 million on Unichain layer-2. Hackers bridged funds to Ethereum via the Across Protocol in 100-ETH transactions. Following the breach, CertiK traced stolen assets to two Ethereum wallets and the BUNNI token fell 2.5%. At the time, Bunni DEX held $50.6 million in TVL across Unichain and Ethereum. This incident underscores ongoing DeFi security risks, especially with Uniswap v4 hooks and cross-chain bridges. Traders should monitor Bunni DEX contract updates and token volatility.

Bearish

The $8.4M exploit and subsequent 2.5% drop in BUNNI token price signal negative sentiment. In the short term, traders face elevated risk and selling pressure due to paused contracts and uncertainty around repairs. Long term, persistent DeFi security concerns and doubts over Uniswap v4 hooks may weigh on BUNNI’s recovery and TVL growth, keeping the outlook bearish.