Bunni DEX Closes Forever Following $8.4M Hack That Drained Recovery Funds
Decentralized Exchange Shutdown: Bunni, a decentralized exchange managing nearly $80 million in assets, announced its permanent shutdown due to financial pressures and a significant exploit that drained $8.4 million from its liquidity pools.
Security Vulnerabilities: The exploit was traced to a flaw in Bunni's Liquidity Distribution Function, allowing attackers to manipulate calculations and withdraw disproportionate amounts of tokens, highlighting the increasing sophistication of DeFi attacks.
Impact on the DeFi Ecosystem: Bunni's closure follows another significant project, Kadena, ceasing operations, reflecting broader challenges in the cryptocurrency sector, including security threats and market pressures that have led to over $300 million in losses from hacks and scams in recent months.
User Fund Management: Despite the shutdown, Bunni will allow users to withdraw remaining assets and plans to distribute treasury funds to community members, while also relicensing its smart contracts to promote innovation in the DeFi space.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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