Bunni Protocol Suffers $2.4M Exploit Due to Precision Bug
Bunni Protocol Suffers $2.4M Exploit Due to Precision Bug
🚨 Bunni's $2.4M Problem
Bunni Protocol was exploited for approximately $2.4 million due to a precision bug in their system.
The attacker targeted USDT/USDC vaults, draining funds before converting them to ETH. The exploited funds have been moved to a tracked wallet address.
Key details:
- Exploit amount: ~$2.4M
- Attack vector: Precision bug in vault contracts
- Target: USDT/USDC liquidity vaults
- Funds converted to ETH post-exploit
Detection and prevention: Forta Firewall detected the exploit in real-time, suggesting the losses could have been prevented with proper security measures in place.
The incident highlights the ongoing risks in DeFi protocols and the importance of robust security monitoring systems.
Sadly earlier this morning, @bunni_xyz was exploited. The exploit seems to be around 2.4M at the moment. The exploiter has moved the fund here : pro.octav.fi/?addresses=0xe…
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