Decentralized exchange Bunni announced its shutdown after an $8.4 million exploit in September, becoming the second crypto project to close this week. The team revealed on Thursday via an X post that financial constraints hinder their ability to relaunch securely, as audit and monitoring costs alone would require six to seven figures, funds they do not possess. The September 2 exploit targeted Ethereum and the layer-2 network Unichain, leading to a halt in operations. Prior to the incident, Bunni showed exponential growth, with total value locked (TVL) rising from $2.23 million in June to nearly $80 million by mid-August. Despite ceasing operations, the team relicensed Bunni v2 smart contracts from Business Source License to MIT license, enabling developers to freely use its innovative features such as liquidity distribution functions, surge fees, and autonomous rebalancing. Users can still withdraw their assets via the website until further notice. Remaining treasury assets will be distributed to BUNNI, LIT, and veBUNNI tokenholders pending legal approval, though team members will not receive funds. The Bunni team continues to collaborate with law enforcement to recover the stolen funds. This closure follows the recent shutdown announcement by the Kadena blockchain founding team, citing challenging market conditions. While Kadena’s network remains community-driven, its native token KDA has tumbled 70% since the news, trading at $0.06.