Bunny Finance Attackers Launder 1,500 ETH Through TornadoCash: A Deep Dive into the Aftermath

According to COINOTAG, recent monitoring by Paidun revealed that on October 21, the Bunny Finance attackers successfully laundered approximately 1,500 ETH, equivalent to around $4 million, utilizing TornadoCash in a span of just 48 hours. This alarming incident echoes the major breach on February 11, 2022, when Bunny Finance faced a devastating loss of nearly $80 million following an attack on the Qubit protocol. As a result of this exploit, the Mound team reportedly lost about $10 million of their operational capital, compelling them to disband due to the lack of sustainability in their projects. Consequently, the governance of the Bunny and Qubit protocols has transitioned to a Decentralized Autonomous Organization (DAO), empowering the community with the authority to implement contract upgrades, modify fee structures, and manage future developments.