Bunni, a decentralized exchange built on Uniswap V4 ‘, paused all smart contract functions after a security breach drained an estimated $ 8.4 million in crypto.
Blockchain Security Firm Certique said the utilization targeted Bunnihub, Bunni’s main contract system, and resulted in $ 2.3 million in losses at Ethereum. An earlier attack on Uniswap Labs’ Layer-2 network Unichain pushed total losses to about $ 8.4 million. The company is traced to the stolen funds for two Ethereum drawing books.
Bunnis developers have suspended all contract operations across supported networks while investigating the incident, according to a social media post.
“As a caution, we have paused all smart contract features on all networks. Our team is actively investigating and will give updates soon. Thanks for your patience,” says Bunnis post.
The exchange runs on Uniswap V4’s “Hooks” feature that Uniswap Lab’s CEO Hayden Adams described as “plugins to customize how pools, swaps, fees and LP positions interact.”
