Bunni DEX Cited Financial Conditions As The Reason For Its Closure.

Decentralized exchange Bunni has announced it is shutting down following an $8.4 million exploit in September, and is now the second crypto project team to throw in the towel this week. 

In a Thursday X post, the team stated that it will be winding down operations due to a lack of funds.

“The recent exploit has forced Bunni’s growth to a halt, and in order to securely relaunch, we’d need to pay 6-7 figures in audit & monitoring expenses alone — requiring capital that we simply don’t have,” they said.

The team said they didn’t have…