Another hack news has once again rocked the world of decentralized finance (DeFi). On September 2, 2025, blockchain security firm PeckShieldAlert reported that a decentralized exchange (DEX) built on Uniswap v4, Bunni, was compromised to the value of approximately $2.4 million.
As PeckShieldAlert notes, the attackers were able to drain approximately $2,373,569 worth of assets in a wallet belonging to the Bunni exchange. As the snapshot of the wallet available through the security firm shows, the stolen money was mostly in the form of stablecoins like USDC and USDT.
This hack is also a continuation of a disturbing pattern of rising DeFi hacks, and analysts have noted an explosion in liquidity and lending protocol attacks. Not only had the exploit incurred severe financial losses, but it had also eroded trust in the platform that Bunni was developing to offer an easy way to handle liquidity on Uniswap v4.