The BunnyFinance exploiter, dormant for three years, has resurfaced, laundering 1,500 ETH—approximately $4 million—using the cryptocurrency mixing service Tornado Cash in the past 48 hours.
Web3 security platform PeckShieldAlert reported, “The BunnyFinance exploiter has cleaned 1.5K $ETH (worth ~$4m) through Tornado Cash in the last 48 hours.” This activity raises potential security concerns and instability for BunnyFinance and its associated assets.
Mist Track, another anti-money laundering platform, noted in August that the Bunny Finance exploiter had reactivated after a prolonged dormancy period. “Does anyone remember the Bunny Finance exploiter? Looks like they’re active again after almost 3 years!!! 🕵️♂️,” tweeted MistTrack.
In a related analysis, MistTrack observed, “It might be a coincidence, but both the Bunny Finance and Nomad Bridge exploiters capitalized on the recent market downturn. They swapped nearly $40 million DAI for approximately 17,000 ETH following a similar pattern, with an average price of $2400. Currently, 2400 ETH has already been transferred to Tornado Cash, with the remainder likely to follow soon.”
The breaches of Nomad Bridge and the Bunny Finance exploit both leveraged a dip in ETH prices around August 5, 2024, to exchange DAI for ETH.
In May 2021, PancakeBunny suffered a massive exploit, resulting in Bunny Finance hackers fleeing with over $200 million in cryptocurrency assets.
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