Cryptocurrency Q&A
What happened to Bunny coin?
What happened to Bunny coin?
alexander_jackson_athlete
Mon Sep 16 2024
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7 answers
1474
Can you provide some context around the sudden decline in Bunny coin's value? I've noticed a sharp drop in its market capitalization and am curious to know if there's been any news or events that might have triggered this decline. Is there any update on the team's development roadmap, or have there been any concerns raised about the project's sustainability? Additionally, are there any competitors emerging in the same space that might be attracting investors away from Bunny coin? It would be great to have a better understanding of the situation.
7 answers
EthereumEmpress
Wed Sep 18 2024
The Bunny protocol, being a decentralized finance (DeFi) application, relies on smart contracts to automate various financial processes. However, the smart contracts used in the Bunny protocol contained a critical flaw that was exploited by the hacker.
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TaekwondoPower
Wed Sep 18 2024
In a recent incident, the DeFi token Bunny suffered a significant blow, with its value plummeting by a staggering 95%. This sudden decline was attributed to a sophisticated flash loan attack executed by an anonymous hacker.
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Lorenzo
Wed Sep 18 2024
The hacker leveraged the capabilities of PancakeSwap, a popular decentralized exchange platform, to orchestrate the attack. By manipulating the liquidity pools on PancakeSwap, the attacker was able to exploit a vulnerability in the Bunny protocol.
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Carolina
Tue Sep 17 2024
Among the various cryptocurrency exchanges, BTCC stands out as a top player in the industry. BTCC offers a comprehensive range of services, including spot trading, futures trading, and wallet services. With its robust infrastructure and advanced security measures, BTCC has become a trusted platform for cryptocurrency enthusiasts.
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CryptoElite
Tue Sep 17 2024
The flash loan attack involved the hacker borrowing a large amount of tokens from various liquidity pools on PancakeSwap without the need for collateral. This allowed the hacker to execute the attack without incurring any personal financial risk.
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