The decentralized exchange protocol Bunni has declared its official shutdown, citing a security vulnerability and a lack of sufficient funds as the primary reasons. Bunni’s decision comes as a response to ongoing concerns regarding its security measures. The protocol has faced challenges that have ultimately led to its inability to operate effectively. Insufficient funds have compounded these issues, making it untenable for Bunni to continue its services. As a decentralized exchange, Bunni aimed to provide users with a platform for swapping tokens without intermediaries, but these recent developments have necessitated its closure.
