Bunni Hacker Identified as DeFi Network Connections Exposed
Analyst Eye identified a prolific hacker termed the "Bunni attacker" on October 23, 2025, responsible for hacking 14 protocols, including Bunni, which led to the project's shutdown.
This exposure underscores pervasive security challenges within the DeFi space, as significant financial losses affect user trust and protocol viability.
Analyst Eye identified the individual responsible for the Bunni protocol's downfall, detailing her extensive network within the DeFi ecosystem. Eye's analysis linked the same hacker to attacks on Equilibria, BSX, DFX Finance, and Curve. The hacker's connections with venture capital firms have reportedly allowed her to evade consequences earlier.
The Bunni protocol's closure marked a critical shift in the DeFi market, underscoring significant trust and financial losses of $8.4 million among users. The official statements revealed an inability to secure users and relaunch operations. Users are advised to withdraw remaining assets and await treasury distributions.
"The individual responsible for the Bunni exploit is the same actor who targeted Equilibria, BSX, DFX Finance, and Curve—she has run rampant across 14 protocols, draining liquidity and impacting user funds on a reckless scale. Extensive ties to crypto VC networks have shielded her from earlier consequences; the time for accountability is now." - Analyst 'Eye', DeFi Analyst, Analyst Eye
The DeFi ecosystem reacted quickly to Eye’s disclosure, with several key figures emphasizing the urgent need for heightened security measures. CertiK, a prominent blockchain security firm, confirmed the $2.3 million exploit, warning users to stay vigilant amid ongoing vulnerabilities.
Bunni Hack Spurs Demand for Stricter DeFi Security Audits
Did you know? The Bunni hack is reminiscent of the Curve Finance pool exploit in July 2023, highlighting recurring DeFi vulnerabilities targeted by the same perpetrator across multiple platforms.
Ethereum (ETH), valued at $3,882.19, experienced minor gains with a 0.19% increase over 24 hours. The market cap stands at $468.57 billion, showcasing a dominance of 12.71% within the crypto market.
The Coincu research team notes the Bunni attack amplifies scrutiny on DeFi protocols, pushing for stricter security audits and regulatory oversight. It necessitates proactive measures to protect user funds and maintain market integrity amidst persistent cybersecurity threats.