365Crypto
$2.4M stolen in Bunni hack
Bunni DEX paused all smart contracts after attackers drained $2.4M in stablecoins.
How it happened
The exploit targeted Bunni’s Liquidity Distribution Function (LDF). The attacker made trades of precise sizes, tricking the protocol into miscalculating liquidity shares.
Funds at risk
$1.33M USDC and $1.04M USDT were taken. Users are advised to withdraw funds immediately.
Euler Finance unaffected
Bunni channels liquidity through Euler Finance. Its protocol remains safe despite the hack.
Bounty offered to hacker
Bunni team offered a 10% reward for returning stolen funds, inviting the attacker to negotiate terms.
Broader crypto theft trend
August saw $163M stolen across crypto, up 15% from July. Attackers now target high-value DeFi platforms and individuals.
