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Decentralized Exchange BunniXYZ Loses $8.4M in Liquidity Exploit

by admin September 2, 2025



In brief

  • Decentralized exchange BunniXYZ has reportedly lost $8.4 million to a liquidity-based security exploit.
  • The DEX has paused all smart contract activity on its network and is “actively investigating” the attack.
  • Hackers reportedly manipulated Bunni’s “liquidity curve,” also known as its LDF, to carry out the exploit.

Decentralized exchange (DEX) BunniXYZ has reportedly lost $8.4 million to a liquidity-based security exploit.

According to on-chain security firm Hacken, $6 million of the DEX’s funds was stolen via the Unichain blockchain and $2.4 million via Ethereum. All Unichain funds were then bridged to Ethereum using the Across Protocol.

Confirming the attack in a tweet, BunniXYZ said that it had paused all smart contract activity on its network and was “actively investigating” the circumstances of the attack. It added that it would provide updates soon.

🚨 The Bunni app has been affected by a security exploit. As a precaution, we have paused all smart contract functions on all networks. Our team is actively investigating and will provide updates soon. Thank you for your patience.

— Bunni (@bunni_xyz) September 2, 2025

Founded in February 2025, BunniXYZ is based on automated market maker Uniswap v4, and primarily uses the Ethereum and Unichain blockchains. It currently has a cross-chain Total Value Locked (TVL) of just over $50 million according to DeFiLlama, though it exceeded $80 million at one point earlier this August.

Michael Bentley, co-founder of lending protocol Euler, advised users to remove their funds from Bunni in a tweet, adding that while the DEX rebalances funds in and out of Euler, the lending protocol is “not affected or at risk.” Euler endured a major exploit of its own in 2023 that saw hackers steal nearly $200 million, the bulk of which was later recovered.

What happened?

According to on-chain analyst Victor Tran, co-founder of Kyber Network, hackers manipulated Bunni’s “liquidity curve,” also known as its LDF (Liquidity Density Function). This is the system that calculates how much extra liquidity exists within the exchange and rebalances its liquidity pool to keep the right ratio of tokens.

1. Bunni is a liquidity hook that runs on top of UniswapV4. Instead of using UniswapV4’s normal system, Bunni has its own liquidity curve called LDF (Liquidity Distribution Function).

2. After each trade, Bunni checks if its LDF curve has changed since the last trade. If it has,… https://t.co/uCSWXyuAt2

— Victor Tran (@vutran54) September 2, 2025

Tran said hackers manipulated this LDF “by making trades of very specific sizes.” This caused the rebalancing calculation to break, producing incorrect results for how much each liquidity pool share should own.

By repeating this process, hackers allegedly withdrew more tokens than they should have been able to from Bunni.

Bunni itself has not yet confirmed the mechanism behind the attack.

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September 2, 2025 0 comments
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Apple Patches Zero-Click Exploit Threatening Crypto Users
Crypto Trends

Apple Patches Zero-Click Exploit Threatening Crypto Users

by admin August 22, 2025



Apple is urging users to immediately update their devices to patch a zero-click vulnerability that allowed attackers to compromise iPhones, iPads and Macs, a flaw posing heightened risks for cryptocurrency holders.

In a Thursday advisory, Apple said the image processing vulnerability allowed sophisticated actors to compromise Apple devices. The vulnerability disclosure page notes that it was fixed as part of the macOS Sonoma 14.7.8, macOS Ventura 13.7.8, iPadOS 17.7.10, macOS Sequoia 15.6.1, iOS 18.6.2 and iPadOS 18.6.2 updates.

“Apple is aware of a report that this issue may have been exploited in an extremely sophisticated attack against specific targeted individuals,” the company said.

Cybersecurity experts warned the flaw is particularly dangerous for those in crypto, since they are significantly more exposed to cyberattacks. Access to crypto-integrated systems directly leads to financial gains through irreversible transactions for the attacker, resulting in highly motivated actors targeting this category.

Juliano Rizzo, founder and CEO at cybersecurity firm Coinspect, told Cointelegraph that this is a zero-click vulnerability that does not require user interaction and “an attachment delivered via iMessage can be processed automatically and lead to device compromise.” Attackers could potentially leverage access to the device to reach wallet data.

Related: Bitcoiner loses $91M in social engineering attack: ZachXBT

Apple vulnerability details

The vulnerability affects Apple’s Image I/O framework, which allows applications to read and write most image file formats. Due to improper implementation, processing a malicious image allows for out-of-bounds memory write access.

In other words, attackers can leverage this vulnerability to write to areas of a device’s memory that should be inaccessible. Such an issue, in the hands of a particularly sophisticated attacker, can compromise device security by allowing attackers to execute code on targeted devices.

A device’s memory holds all the programs currently being executed, including critical ones. Being able to write to memory outside the authorized scope allows attackers to alter how other programs operate and execute their own instructions.

Related: Ethereum core dev’s crypto wallet drained by malicious AI extension

Advice for crypto holders

Rizzo advised high-value targets who used vulnerable devices for key storage or signing to migrate to new wallet keys if there is any sign of compromise or “if there’s any evidence of targeting” on the device storing the credentials:

“The exact steps depend on the attack specifics, but the key is to stay calm, document a clear plan, and start by securing primary accounts (email, cloud) that attackers could exploit for password resets or further access. Patching is critical, but waiting for updates to finish should never delay immediate account lockdown.”

For average individuals, Rizzo noted that “checking system logs could in theory show anomalies, but in practice this data is hard to interpret.” He said that vendors like Apple are well-positioned to detect exploitation and contact victims directly.

Magazine: Coinbase hack shows the law probably won’t protect you: Here’s why



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August 22, 2025 0 comments
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