Key Points:

• The decentralized exchange Bunni halted all smart contract operations following a security breach that resulted in an estimated loss of $8.4 million in cryptocurrency.
• The breach affected BunniHub, the primary contracting system of Bunni, leading to $2.3 million in losses specifically on Ethereum. Earlier attacks on the Uniswap Labs’ layer-2 network Unichain contributed to the total losses of around $8.4 million. The CertiK security firm tracked the stolen funds to two Ethereum wallets.
• Developers at Bunni have suspended all contract functionalities across supported networks while they investigate the incident. A social media update by Bunni stated:

“As a precaution, we have paused all smart contract functions on all networks. Our team is actively investigating and will provide updates soon. Thank you for your patience.”

• Bunni operates leveraging Uniswap v4’s hooks feature, which allows for customizable interactions among pools, swaps, fees, and liquidity provider (LP) positions.