Decentralized exchange Bunni has announced it will shut down following an $8.4 million exploit in September, making it the second crypto project to cease operations this week. The team revealed in a recent statement that the breach severely impacted Bunni’s growth and that the costs required for a secure relaunch—covering audits and monitoring—range from six to seven figures, funds they no longer have. Prior to the attack, Bunni was experiencing rapid growth, with its total value locked rising from $2.23 million in June to nearly $80 million in August. Exploited on September 2 across Ethereum and the Unichain layer-2 network, operations were immediately halted. Despite shutting down, Bunni has relicensed its version 2 smart contracts under the MIT license, enabling developers to freely use innovations like liquidity distribution functions, surge fees, and autonomous rebalancing. Users can still withdraw their assets via the website for the time being. Remaining treasury assets will, pending legal approvals, be distributed to BUNNI, LIT, and veBUNNI token holders, while team members will receive no funds. Efforts to recover the stolen $8.4 million continue in cooperation with law enforcement. This announcement follows the recent exit of Kadena’s founding team, which also cited challenging market conditions as the reason for winding down their layer-1 blockchain network’s operations. Although these founding teams are stepping back, their respective platforms or communities may persist beyond their involvement. For more details, visit the original article at https://cointelegraph.com/news/bunni-dex-becomes-second-crypto-project-shutter-this-week.