DEX project Bunni based on Uniswap V4 announces shutdown

ChainCatcher news, the DEX project Bunni based on Uniswap V4 recently announced its shutdown. Bunni stated: "The recent exploit incident has brought Bunni's development to a halt. To safely restart, just the auditing and monitoring costs alone would require a six to seven-figure sum—funds we are currently unable to afford. In addition, restoring Bunni to its pre-exploit state would require months of development and business expansion efforts, which is also beyond our capacity. Therefore, we have decided to shut down Bunni."

In addition, Bunni stated that the remaining treasury assets will be distributed to holders of BUNNI, LIT, and veBUNNI. The confirmation of legal procedures is still ongoing, and specific distribution details will be announced after the legal process is finalized. Team members will not participate in this snapshot distribution. Previously, it was reported that Bunni lost about $2.3 million after being hacked.