TechFlow news, on October 23, Bunni officially announced the shutdown of its platform today (October 23). According to the official statement, this decision stems from a recent security vulnerability attack that caused the platform's growth to stall. Restarting the platform would require audit and monitoring costs in the six to seven-figure range, which the team stated they are unable to afford.
Users can still withdraw assets through the Bunni website. The team plans to distribute the remaining funds to BUNNI, LIT, and veBUNNI holders, with the specific distribution plan to be announced after completion of legal procedures. Meanwhile, the Bunni v2 smart contract has been changed from BUSL license to MIT license, opening up its innovative technology for community use.
The team stated they will continue cooperating with law enforcement agencies to recover the stolen funds.
Previous report: BlockSec Phalcon detected suspicious transactions targeting the Bunni contract on Ethereum, resulting in losses of approximately $2.3 million.
