Bunni, a decentralized exchange (DEX) project built on Uniswap V4, has announced its closure following a significant hacking incident in early September. The project revealed on X that the exploit, which resulted in a $2.3 million loss, has made it financially unfeasible to continue operations. The costs associated with necessary security audits and monitoring were estimated to be in the six to seven-figure range, which the team could not afford. The Bunni team stated that restoring the platform to its pre-exploit state would require extensive development and business efforts over several months, a commitment they are unable to sustain. As part of the shutdown process, remaining treasury assets will be distributed to BUNNI, LIT, and veBUNNI token holders once legal procedures are completed. The team has confirmed they will not participate in the asset distribution.