Decentralized exchange Bunni has announced it is shutting down following an $8.4 million exploit in September, becoming the second crypto project to close its doors this week. The team explained that the exploit halted growth and that the high costs of auditing and monitoring to relaunch securely—estimated at six to seven figures—were beyond their financial means. After the September 2 exploit affecting both Ethereum and the layer-2 network Unichain, operations were suspended immediately. Despite their closure, Bunni has relicensed its version 2 smart contracts from a restrictive Business Source License to the open-source MIT license, allowing developers unrestricted access to its innovative features such as liquidity distribution functions, surge fees, and autonomous rebalancing. Users can withdraw their assets via the website until further notice. Remaining treasury assets are set to be distributed to BUNNI, LIT, and veBUNNI token holders pending legal approvals, with no funds allocated to the team. The Bunni team continues to collaborate with law enforcement in hopes of recovering the stolen $8.4 million. This shutdown follows closely on the heels of the Kadena blockchain team announcing their exit amid challenging market conditions, marking a tough period for the crypto space. For more details, visit https://cointelegraph.com/news/bunni-dex-becomes-second-crypto-project-shutter-this-week.