Bunny Finance Under Scrutiny: $4.7 Million ETH Transferred to Tornado Cash After Attack

On November 13th, COINOTAG reported significant developments regarding the Bunny Finance incident. Monitoring by PeckShield revealed that the attacker’s address has moved around 1,411.2 ETH, equivalent to nearly $4.7 million, to Tornado Cash within the last nine hours. This activity underscores the ongoing risks within the crypto space, as the ramifications of previous security breaches linger.

Back in February 2022, Bunny Finance disclosed a staggering loss of approximately $80 million due to an exploit linked to Qubit. Among the casualties, the Mound team saw its operational funds, roughly $10 million, vanish. This financial blow rendered the development team unsustainable, prompting them to cease operations. Consequently, both the Bunny and Qubit protocols have transitioned under the governance of a Decentralized Autonomous Organization (DAO), allowing community members to retain essential control, including contract upgrades and fee structure modifications.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.